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. After-hours trades for Rivian Automotive Inc (RIVN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 1.20%, to $16.90. The Rivian Automotive Inc has recorded 386,992 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Rivian Hires Carlo Materazzo as Vice President, Logistics.
As a NASDAQ listed company, RIVN falls under the Consumer Cyclical sector while operating within the Auto Manufacturers industry segment. At the end of the last regular session, the stock closed at $16.70 and fluctuated between $16.95 as its day high and $16.30 as its day low. The current market capitalization of Rivian Automotive Inc is $15.97B. A total of 30.15 million shares were traded on the day, compared to an average of 36.51M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RIVN has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 402,902 and the disposition of 3,265 shares. Over the last 12 months, there were 28 BUYs and 17 SELLs from insiders. Insiders purchased 602,284 shares during that period but sold 1,799,520.
In the most recent transaction, McDonough Claire sold 3,265 shares of RIVN for 17.08 per share on Nov 16. After the transaction, the Chief Financial Officer now owns 173,030 company shares. In a previous transaction on Sep 15, McDonough Claire sold 3,265 shares at 24.24 per share. RIVN shares that Chief Financial Officer owns now total 173,030.
Among the insiders who sold shares, McDonough Claire disposed of 3,625 shares on Jun 08 at a per-share price of $13.71. This resulted in the Chief Financial Officer holding 72,304 shares of RIVN after the transaction. In another insider transaction, Baker Jeff sold 20,000 shares at $14.53 per share on Jun 06. Company shares held by the Chief Accounting Officer now total 86,204.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RIVN in the last 3 months, the mean price target is $26.62 with high estimates of $40.00 and low estimates of $15.00. In terms of 52-week highs and lows, RIVN has a high of $32.76 and a low of $11.68.
As of this writing, RIVN has an earnings estimate of -$1.31 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of -$1.09 per share and a lower estimate of -$1.53. The company reported an EPS of -$1.08 in the last quarter, which was 23.40% higher than expectations of -$1.41.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $11.04, while its Total Shareholder’s Equity was $19.51B.
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 4.29.