With a price-to-sales (or “P/S”) ratio of 4.2x Rivian Automotive, Inc. (NASDAQ:RIVN) may be sending bullish signals at the moment, given that almost half of all the Auto companies in the United States have P/S ratios greater than 5.3x and even P/S higher than 11x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
Check out our latest analysis for Rivian Automotive
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