Rivian Automotive Stock Price on October 21, 2024
| RIVN Stock | USD 11.60 1.36 13.28% |
If you're considering investing in Rivian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rivian Automotive stands at 11.60, as last reported on the 26th of November, with the highest price reaching 11.84 and the lowest price hitting 10.48 during the day. Rivian Automotive maintains Sharpe Ratio (i.e., Efficiency) of -0.0411, which implies the firm had a -0.0411% return per unit of risk over the last 3 months. Rivian Automotive exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rivian Automotive's Risk Adjusted Performance of (0.04), coefficient of variation of (1,674), and Variance of 17.61 to confirm the risk estimate we provide.
As of the 26th of November 2024, Common Stock Shares Outstanding is likely to grow to about 1 B, while Total Stockholder Equity is likely to drop about 9 B. . At this time, Rivian Automotive's Price Book Value Ratio is very stable compared to the past year. As of the 26th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.19, while Price To Sales Ratio is likely to drop 4.76. Rivian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rivian |
Sharpe Ratio = -0.0411
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Estimated Market Risk
| 4.42 actual daily | 39 61% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rivian Automotive is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rivian Automotive by adding Rivian Automotive to a well-diversified portfolio.
Price Book 1.7718 | Enterprise Value Ebitda (1.96) | Price Sales 2.2966 | Shares Float 744 M | Wall Street Target Price 14.9577 |
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Rivian Automotive Valuation on October 21, 2024
It is possible to determine the worth of Rivian Automotive on a given historical date. On October 21, 2024 Rivian was worth 10.05 at the beginning of the trading date compared to the closed value of 10.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rivian Automotive stock. Still, in general, we apply an absolute valuation method to find Rivian Automotive's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rivian Automotive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rivian Automotive's related companies.
| Open | High | Low | Close | Volume | |
| 10.17 | 10.27 | 10.01 | 10.04 | 18,392,140 | |
10/21/2024 | 10.05 | 10.17 | 9.96 | 10.03 | 17,255,436 |
| 10.07 | 10.53 | 10.01 | 10.49 | 25,123,306 |
| Backtest Rivian Automotive | | | Rivian Automotive History | | | Rivian Automotive Valuation | Previous | Next |
Rivian Automotive Trading Date Momentum on October 21, 2024
| On October 22 2024 Rivian Automotive was traded for 10.49 at the closing time. The top price for the day was 10.53 and the lowest listed price was 10.01 . The trading volume for the day was 25.1 M. The trading history from October 22, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 4.59% . The trading delta at closing time against the current closing price is 3.49% . |
Rivian Automotive Fundamentals Correlations and Trends
By evaluating Rivian Automotive's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rivian Automotive's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rivian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rivian Automotive Stock history
Rivian Automotive investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rivian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rivian Automotive will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rivian Automotive stock prices may prove useful in developing a viable investing in Rivian Automotive
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 947 M | 1 B | |
| Net Loss | -6.1 B | -5.8 B |
Rivian Automotive Quarterly Net Working Capital |
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Rivian Automotive Stock Technical Analysis
Rivian Automotive technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Rivian Automotive Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Rivian Automotive cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Rivian Automotive November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Rivian Automotive stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rivian Automotive shares will generate the highest return on investment. By undertsting and applying Rivian Automotive stock market strength indicators, traders can identify Rivian Automotive entry and exit signals to maximize returns
Rivian Automotive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rivian Automotive's price direction in advance. Along with the technical and fundamental analysis of Rivian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rivian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.26) |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rivian Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Rivian Stock, please use our How to Invest in Rivian Automotive guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rivian Automotive. If investors know Rivian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rivian Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.60) | Revenue Per Share 4.602 | Quarterly Revenue Growth (0.35) | Return On Assets (0.23) | Return On Equity (0.67) |
The market value of Rivian Automotive is measured differently than its book value, which is the value of Rivian that is recorded on the company's balance sheet. Investors also form their own opinion of Rivian Automotive's value that differs from its market value or its book value, called intrinsic value, which is Rivian Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rivian Automotive's market value can be influenced by many factors that don't directly affect Rivian Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rivian Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rivian Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rivian Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.