On June 5, 2023, Benzinga’s options scanner detected unusual activity in options trading for Rivian Automotive (RIVN). Over the past three months, there have been a total of 12 options trades for RIVN, amounting to $659,200, with an additional two trades totaling $64,670. These trades targeted a price range of $12.5 to $17.5, indicating that whales have been active in the market.
The mean open interest for RIVN options trades on June 5, 2023, was 15,719.5, with a total volume of 51,737.00. The majority of the options spotted were call sweeps with bullish sentiment, featuring strike prices ranging from $14.50 to $17.50 and total trade prices ranging from $42.7K to $259.8K.
As of June 5, 2023, the price of RIVN had decreased by -1.59% to $14.25, with a volume of 5,887,455. RSI indicators suggested that the underlying stock may be approaching overbought, and the next earnings report was expected to be released in 66 days.
Truist Securities maintained their Buy rating on RIVN with a price target of $28, while Goldman Sachs maintained their Neutral rating on RIVN with a price target of $16.
It is important to note that options information is delayed by at least 15 minutes and is updated throughout the day. Other sources, such as Nasdaq and Fintel, also reported unusual options activity for RIVN.
Rivian Automotive, Inc.
Updated on: 25/09/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
10:00 PM (UTC)
Date:25 September, 2023
|Analyst / firm||Rating|
RIVN Stock Analysis: Market Cap, Earnings Growth, and More
On June 5, 2023, RIVN stock opened at $14.60, slightly higher than the previous day’s close of $14.49. Throughout the day, the stock traded within a range of $14.03 to $14.67, with a volume of 426,286 shares traded.
RIVN’s market cap is $13.6 billion, making it a mid-cap company in the consumer durables sector. The company’s earnings growth rate was -42.06% last year, but it has improved to +15.02% this year. However, the projected earnings growth rate for the next five years is only +2.00%, indicating slow growth.
The revenue growth rate for RIVN was +2,914.55% last year, which is a significant improvement from the previous year. However, the company’s net profit margin is -407.24%, indicating that it is currently operating at a loss.
RIVN’s P/E ratio is not available, as the company has negative earnings. However, its price/sales ratio is 10.15, which is higher than the industry average. The price/book ratio is 0.97, which indicates that the stock is undervalued.
The next reporting date for RIVN is August 18, 2023, and the EPS forecast for this quarter is -$1.42.
Rivian Automotive Inc: Innovative Designs and Impressive Performance in the Stock Market
Rivian Automotive Inc, the American electric vehicle manufacturer, has been making headlines for its innovative designs and impressive performance in the stock market. On June 5, 2023, the company’s stock, RIVN, closed at a price of 14.30. However, according to the 21 analysts offering 12-month price forecasts, the median target for RIVN is 25.00. This represents a potential increase of 74.83% from the current price.
Investors have been keeping a close eye on Rivian’s performance, and the current consensus among 24 polled investment analysts is to buy stock in the company. This rating has remained steady since May, when it was unchanged from a buy rating.
Rivian’s financial performance in the current quarter has been mixed. The company reported earnings per share of -$1.42, which is a loss. However, the company’s sales for the quarter were $955.2 million, which is a positive sign.
Despite the mixed financial performance in the current quarter, Rivian’s future looks bright. The company has already received orders for its electric vehicles, and it is expected to start delivering them soon. Additionally, the company’s innovative designs and focus on sustainability have garnered attention from investors and customers alike.
Investors will be eagerly waiting for the company’s reporting date on August 18, 2023, to see if the company can turn its losses into profits.