Analyst Expects Rivian Automotive Inc (NASDAQ: RIVN) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Rivian Introduces R2, R3, and R3X Built on New Midsize Platform.

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Stocks Info

As a NASDAQ listed company, RIVN falls under the Consumer Cyclical sector while operating within the Auto Manufacturers industry segment. The current market capitalization of Rivian Automotive Inc is $12.11B. A total of 150.83 million shares were traded on the day, compared to an average of 39.54M shares.

In the most recent transaction, McDonough Claire sold 2,946 shares of RIVN for 16.20 per share on Feb 16 ’24. After the transaction, the Chief Financial Officer now owns 155,749 company shares. In a previous transaction on Nov 16 ’23, McDonough Claire sold 3,265 shares at 17.08 per share. RIVN shares that Chief Financial Officer owns now total 173,030.

Among the insiders who sold shares, McDonough Claire disposed of 3,265 shares on Sep 15 ’23 at a per-share price of $24.24. This resulted in the Chief Financial Officer holding 173,030 shares of RIVN after the transaction. In another insider transaction, McDonough Claire sold 3,625 shares at $13.71 per share on Jun 08 ’23. Company shares held by the Chief Financial Officer now total 72,304.

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. In terms of 52-week highs and lows, RIVN has a high of $28.06 and a low of $10.05.

As of this writing, RIVN has an earnings estimate of -$1.15 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$1.04 per share and a lower estimate of -$1.32. The company reported an EPS of -$1.19 in the last quarter, which was 9.80% higher than expectations of -$1.32.

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 $1.61B in debt and $1.31B in liabilities at the time. Its Book Value Per Share was $9.44, 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 3.83.

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