Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares stood at 34.69 million during the last session, with the company’s beta value hitting 1.89. At the close of trading, the stock’s price was $10.99, to imply an increase of 4.47% or $0.47 in intraday trading. The RIVN share’s 52-week high remains $28.06, putting it -155.32% down since that peak but still an impressive 8.55% since price per share fell to its 52-week low of $10.05. The company has a valuation of $10.64B, with an average of 38.18 million shares in intraday trading volume over the past 10 days and average of 42.55 million shares over the past 3 months.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
After registering a 4.47% upside in the last session, Rivian Automotive Inc (RIVN) has traded red over the past five days. The stock hit a weekly high of 11.42, jumping 4.47% in its intraday price action. The 5-day price performance for the stock is -3.26%, and -1.35% over 30 days. With these gigs, the year-to-date price performance is -53.15%. Short interest in Rivian Automotive Inc (NASDAQ:RIVN) saw shorts transact 122.38 million shares and set a 2.54 days time to cover.
Rivian Automotive Inc (RIVN) estimates and forecasts
Looking at statistics comparing Rivian Automotive Inc share performance against respective industry, we note that the company has outperformed competitors. Rivian Automotive Inc (RIVN) shares are -50.63% down over the last 6 months, with its year-to-date growth rate higher than industry average at 19.06% against 12.60%. Revenue is forecast to grow 8.00% this quarter before falling -3.70% for the next one. The rating firms project that company’s revenue will grow 8.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 17 analysts is $1.13 billion. Meanwhile, for the quarter ending Jun 2024, a total of 17 analyst(s) estimate revenue growth to $965.42 million.Earnings reports from the last fiscal year show that sales brought in $661 million and $1 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 70.30% before dropping -3.50% in the following quarter.
RIVN Dividends
Rivian Automotive Inc has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rivian Automotive Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Rivian Automotive Inc insiders hold 27.94% of total outstanding shares, with institutional holders owning 51.33% of the shares at 71.23% float percentage. In total, 51.33% institutions holds shares in the company, led by Amazon.com, Inc.. As of Sep 29, 2023, the company held over 158.36 million shares (or 16.70% of shares), all amounting to roughly $3.85 billion.
The next major institution holding the largest number of shares is Price (T.Rowe) Associates Inc with 73.29 million shares, or about 7.73% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $1.22 billion.
We also have Price (T.Rowe) Growth Stock Fund Inc. and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Rivian Automotive Inc (RIVN) shares. Going by data provided on Jun 29, 2023, Price (T.Rowe) Growth Stock Fund Inc. holds roughly 27.44 million shares. This is just over 2.89% of the total shares, with a market valuation of $457.15 million. Data from the same date shows that the other fund manager holds a little less at 22.04 million, or 2.32% of the shares, all valued at about 367.24 million.
