Rivian Automotive (NASDAQ:RIVN – Get Free Report) is projected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of ($0.69) per share and revenue of $1.43 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Rivian Automotive Stock Performance
Shares of NASDAQ:RIVN opened at $12.48 on Thursday. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $12.60. Rivian Automotive has a fifty-two week low of $8.26 and a fifty-two week high of $18.85. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of -2.23 and a beta of 2.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.09 and a quick ratio of 3.70.
Insider Transactions at Rivian Automotive
In other Rivian Automotive news, CEO Robert J. Scaringe sold 35,713 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $13.76, for a total value of $491,410.88. Following the transaction, the chief executive officer now directly owns 863,361 shares of the company’s stock, valued at $11,879,847.36. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Claire Mcdonough sold 8,097 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $12.20, for a total transaction of $98,783.40. Following the completion of the transaction, the chief financial officer now directly owns 370,401 shares in the company, valued at approximately $4,518,892.20. This represents a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 363,142 shares of company stock worth $4,958,860. 2.51% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on RIVN
About Rivian Automotive
Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.
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