How Is Rivian Automotive Inc. (RIVN)’s Price-To-Earnings Ratio?


As of Wednesday close, Rivian Automotive Inc.’s (NASDAQ:RIVN) stock was up $0.77, moving up 2.66 percent to $29.71. The average number of shares traded per day over the past five days has been 10,962,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.61 fall in that time frame. In the last twenty days, the average volume was 13,625,640, while in the previous 50 days, it was 16,180,664.

Since last month, RIVN stock retreated -13.86%. Shares of the company fell to $27.36 on 11/09/22, the lowest level in the past month. A 52-week high of $126.75 was reached on 01/04/22 after having rallying from a 52-week low of $19.25. Since the beginning of this year, RIVN’s stock price has dropped by -71.35% or -$73.98, and marked a new high 2 times. However, the stock has declined by -76.56% since its 52-week high.

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RIVN stock investors should be aware that Rivian Automotive Inc. (RIVN) stock had its last reported insider trading activity 9 days ago on Nov 16. McDonough Claire, the Chief Financial Officer of the company, disposed of 3,257 shares for $34.28 on Nov 16. It resulted in a $111,650 divestment by the insider. McDonough Claire sold 14,235 shares at an average price of $34.92 on Nov 15. The insider now owns 81,151 shares following the transaction. On Nov 15, Chief Accounting Officer Baker Jeff sold 1,689 shares at $34.38 apiece. The transaction was valued at $58,068.

Financial Health

In the three months ended September 29, Rivian Automotive Inc.’s quick ratio stood at 6.40, while its current ratio was 6.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.08. Based on annual data, RIVN earned -$465.0 million in gross profit and brought in $55.0 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -22.50%. Return on equity (ROE) for the past 12 months was -42.80%.

In Rivian Automotive Inc.’s quarter-end financial report for September 29, it reported total debt of $1.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RIVN’s revenue rose 99.81% to $364.0 million during the quarter, while net income inched up to $536.0 million. While analysts expected Rivian Automotive Inc. to report -$1.82 quarterly earnings, the actual figure was -$1.57 per share, beating the consensus estimate by 13.70%. During the quarter, the company generated -$1.6 billion in EBITDA. The liabilities of Rivian Automotive Inc. were 3.69 billion at the end of its most recent quarter ended September 29, and its total debt was $1.76 billion. The value of shareholders’ equity is $920.96 million.

Technical Picture

This quick technical analysis looks at Rivian Automotive Inc.’s (RIVN) price momentum. With a historical volatility rate of 65.15%, the RSI 9-day stood at 41.36% on 23 November.

With respect to its five-day moving average, the current Rivian Automotive Inc. price is down by -10.83% percent or -$3.61. At present, RIVN shares trade -13.73% below its 20-day simple moving average and +10.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately -25.91% below its SMA50 and -51.26% below its SMA200.

Stochastic coefficient K was 19.86% and Stochastic coefficient D was 24.58%, while ATR was 2.26. Given the Stochastic reading of 28.06% for the 14-day period, the RSI (14) reading has been calculated as 43.22%. As of today, the MACD Oscillator reading stands at -2.89, while the 14-day reading stands at -2.65.

Analyst Ratings

Truist launched its rating on Rivian Automotive Inc. (NASDAQ: RIVN) to a Buy in a note to investors on September 29, 2022. Rivian Automotive Inc. (RIVN) has been rated Overweight by analysts. According to 1 brokerage firm, RIVN is a sell, and 4 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 1 analyst rate Rivian Automotive Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $50.00, the current consensus forecast for the stock is $23.00 – $70.00. Based on these forecasts, analysts predict Rivian Automotive Inc. (RIVN) will achieve an average price target of $47.53.


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