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.

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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. At the end of the last regular session, the stock closed at $9.04 and fluctuated between $9.51 as its day high and $9.08 as its day low. The current market capitalization of Rivian Automotive Inc is $8.84B. A total of 28.09 million shares were traded on the day, compared to an average of 45.28M shares.

In the most recent transaction, Baker Jeff sold 31,425 shares of RIVN for 13.18 per share on Mar 11 ’24. After the transaction, the Chief Accounting Officer now owns 52,415 company shares. In a previous transaction on Mar 08 ’24, Gruner Kjell sold 19,935 shares at 12.81 per share. RIVN shares that Chief Commercial Officer owns now total 407,787.

Among the insiders who sold shares, McDonough Claire disposed of 2,946 shares on Feb 16 ’24 at a per-share price of $16.20. This resulted in the Chief Financial Officer holding 155,749 shares of RIVN after the transaction. In another insider transaction, McDonough Claire sold 3,265 shares at $17.08 per share on Nov 16 ’23. Company shares held by the Chief Financial Officer now total 173,030.

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 $8.26.

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 3.92.

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