Are Things Looking Up For Rivian Automotive Inc (NASDAQ: RIVN)?

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Auto Manufacturers industry segment. The current market capitalization of Rivian Automotive Inc is $17.42B. A total of 51.18 million shares were traded on the day, compared to an average of 46.35M shares.

In the most recent transaction, Scaringe Robert J sold 71,429 shares of RIVN for 14.97 per share on Jul 08 ’24. After the transaction, the Chief Executive Officer now owns 909,691 company shares. In a previous transaction on Jun 25 ’24, Scaringe Robert J sold 71,429 shares at 11.25 per share. RIVN shares that Chief Executive Officer owns now total 909,691.

Among the insiders who sold shares, Scaringe Robert J disposed of 71,429 shares on Jun 10 ’24 at a per-share price of $11.49. This resulted in the Chief Executive Officer holding 909,691 shares of RIVN after the transaction. In another insider transaction, McDonough Claire sold 3,210 shares at $10.25 per share on May 16 ’24. Company shares held by the Chief Financial Officer now total 405,422.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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