In recent trading session, Rivian Automotive Inc (NASDAQ:RIVN) saw 4.04 million shares changing hands at last check today with its beta currently measuring 2.04. Company’s recent per share price level of $13.73 trading at -$0.01 or -0.07% at last check today assigns it a market valuation of $13.84B. That most recent trading price of RIVN’s stock is at a discount of -81.14% from its 52-week high price of $24.87 and is indicating a premium of 39.84% from its 52-week low price of $8.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.56 million shares which gives us an average trading volume of 40.31 million if we extend that period to 3-months.
For Rivian Automotive Inc (RIVN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.17. Splitting up the data highlights that, out of 23 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.89 in the current quarter.
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Rivian Automotive Inc (NASDAQ:RIVN) trade information
Upright in the red during last session for losing -0.07%, in the last five days RIVN remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $13.73 price level, adding 4.25% to its value on the day. Rivian Automotive Inc’s shares saw a change of -41.47% in year-to-date performance and have moved -2.56% in past 5-day. Rivian Automotive Inc (NASDAQ:RIVN) showed a performance of -0.40% in past 30-days. Number of shares sold short was 124.92 million shares which calculate 4.0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 31.35% to its recent value today. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 147. It follows that stock’s current price would jump 34.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.45% for stock’s current value.
Rivian Automotive Inc (RIVN) estimates and forecasts
Statistics highlight that Rivian Automotive Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.75% of value to its shares in past 6 months, showing an annual growth rate of 22.54% while that of industry is -2.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.20% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.11B for the same. And 18 analysts are in estimates of company making revenue of 1.33B in the next quarter. Company posted 1.33B and 1.31B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -86.59% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 15.25% while estimates for its earnings growth in next 5 years are of 28.30%.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Insiders are in possession of 27.30% of company’s total shares while institution are holding 49.84 percent of that, with stock having share float percentage of 68.55%. Investors also watch the number of corporate investors in a company very closely, which is 49.84% institutions for Rivian Automotive Inc that are currently holding shares of the company. AMAZON COM INC is the top institutional holder at RIVN for having 158.36 million shares of worth $2.13 billion. And as of 2024-06-30, it was holding 16.1926 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 75.11 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.6797 of outstanding shares, having a total worth of $1.01 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 25.16 shares of worth $342.7 million or 2.52% of the total outstanding shares. The later fund manager was in possession of 19.85 shares on Jun 30, 2024, making its stake of worth around $270.37 million in the company or a holder of 1.98% of company’s stock.
