Rivian Automotive Inc (RIVN): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Auto Manufacturers industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Rivian Automotive Inc is $14.72B. A total of 36.84 million shares were traded on the day, compared to an average of 44.79M shares.

In the most recent transaction, Scaringe Robert J sold 71,429 shares of RIVN for 11.25 per share on Jun 25 ’24. After the transaction, the Chief Executive Officer now owns 909,691 company shares. In a previous transaction on Jun 10 ’24, Scaringe Robert J sold 71,429 shares at 11.49 per share. RIVN shares that Chief Executive Officer owns now total 909,691.

Among the insiders who sold shares, McDonough Claire disposed of 3,210 shares on May 16 ’24 at a per-share price of $10.25. This resulted in the Chief Financial Officer holding 405,422 shares of RIVN after the transaction. In another insider transaction, Baker Jeff sold 31,425 shares at $13.18 per share on Mar 11 ’24. Company shares held by the Chief Accounting Officer now total 52,415.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RIVN has a high of $28.06 and a low of $8.26.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RIVN’s latest balance sheet shows that the firm has $18.13B in Cash & Short Term Investments as of fiscal 2021. There were $1.61B in debt and $1.31B in liabilities at the time. Its Book Value Per Share was $8.12, while its Total Shareholder’s Equity was $19.51B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RIVN is Buy with a score of 4.00.

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