Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 2.11 and has seen 8.12 million shares traded in the recent trading session. The company, currently valued at $13.37B, closed the recent trade at $13.43 per share which meant it lost -$0.52 on the day or -3.73% during that session. The RIVN stock price is -85.18% off its 52-week high price of $24.87 and 38.5% above the 52-week low of $8.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.21 million shares traded. The 3-month trading volume is 43.29 million shares.
The consensus among analysts is that Rivian Automotive Inc (RIVN) is Buy stock at the moment, with a recommendation rating of 2.14. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 23 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.9.
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Rivian Automotive Inc (NASDAQ:RIVN) trade information
Sporting -3.73% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RIVN stock price touched $13.43 or saw a rise of 12.45%. Year-to-date, Rivian Automotive Inc shares have moved -42.75%, while the 5-day performance has seen it change -8.08%. Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed -25.84%. Short interest in the company has seen 126.66 million shares shorted with days to cover at 1.84.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 32.85% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $147.0. In that case, then, we find that the latest price level in today’s session is -994.56% off the targeted high while a plunge would see the stock lose 32.99% from the levels at last check today.
Rivian Automotive Inc (RIVN) estimates and forecasts
Figures show that Rivian Automotive Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -19.48% over the past 6 months, with this year growth rate of 22.54%, compared to -1.70% for the industry. Revenue growth from the last financial year stood is estimated to be 8.00%.
21 analysts offering their estimates for the company have set an average revenue estimate of 1.15B for the current quarter. 21 have an estimated revenue figure of 1.33B for the next ending quarter. Year-ago sales stood 1.33B and 1.31B respectively for this quarter and the next, and analysts expect sales will shrink by -13.20% for the current quarter and 8.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -86.59% over the past 5 years. Earnings growth for 2024 is a modest 15.07% while over the next 5 years, the company’s earnings are expected to increase by 28.30%.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Insiders own 27.30% of the company shares, while shares held by institutions stand at 47.42% with a share float percentage of 65.23%. Investors are also buoyed by the number of investors in a company, with Rivian Automotive Inc having a total of 951.0 institutions that hold shares in the company. The top two institutional holders are AMAZON COM INC with over 158.36 million shares worth more than $1.73 billion. As of 2024-03-31, AMAZON COM INC held 16.1926% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 69.54 million shares as of 2024-03-31. The firm’s total holdings are worth over $761.46 million and represent 7.2211% of shares outstanding.
