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Saturday, June 3, 2023

Taking On Challenges And Growing? – Rivian Automotive Inc. (RIVN)

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. After-hours trades for Rivian Automotive Inc. (RIVN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.52%, to $13.54. The Rivian Automotive Inc. has recorded 352,579 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rivian Releases First Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Auto Manufacturers industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $13.47 and fluctuated between $14.30 as its day high and $13.29 as its day low. The current market capitalization of Rivian Automotive Inc. is $12.72B. A total of 24.28 million shares were traded on the day, compared to an average of 28.92M shares.

In the most recent transaction, McDonough Claire sold 2,902 shares of RIVN for 20.78 per share on Feb 16. After the transaction, the Chief Financial Officer now owns 72,902 company shares. In a previous transaction on Feb 15, Baker Jeff sold 2,331 shares at 18.98 per share. RIVN shares that Chief Accounting Officer owns now total 87,000.

Among the insiders who sold shares, McDonough Claire disposed of 2,090 shares on Feb 15 at a per-share price of $18.99. This resulted in the Chief Financial Officer holding 75,804 shares of RIVN after the transaction. In another insider transaction, McDonough Claire sold 3,257 shares at $34.28 per share on Nov 16. Company shares held by the Chief Financial Officer now total 77,894.

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. According to analysts who have offered 12-month price targets for RIVN in the last 3 months, the mean price target is $23.85 with high estimates of $40.00 and low estimates of $11.00. In terms of 52-week highs and lows, RIVN has a high of $40.86 and a low of $11.68.

As of this writing, RIVN has an earnings estimate of $Five9, Inc. per share for the current quarter. EPS was calculated based on a consensus of Rivian Automotive, Inc. estimates, with a high estimate of $LivaNova PLC per share and a lower estimate of $RiverNorth Opportunities Fund,.

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 $1.53B in debt and $1.31B in liabilities at the time. Its Book Value Per Share was $13.70, 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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