Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares stood at 11.02 million during the latest session, with the company’s beta value hitting 2.04. At the last check today, the stock’s price was $10.59, to imply an increase of 4.18% or $0.43 in intraday trading. The RIVN share’s 52-week high remains $24.61, putting it -132.39% down since that peak but still an impressive 22.0% since price per share fell to its 52-week low of $8.26. The company has a valuation of $10.67B, with an average of 21.94 million shares in intraday trading volume over the past 10 days and average of 28.78 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Rivian Automotive Inc (RIVN), translating to a mean rating of 2.31. Of 23 analyst(s) looking at the stock, 2 analyst(s) give RIVN a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 16 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.91.
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Rivian Automotive Inc (NASDAQ:RIVN) trade information
After registering a 4.18% upside in the latest session, Rivian Automotive Inc (RIVN) has traded red over the past five days. The 5-day price performance for the stock is 4.59%, and -4.03% over 30 days. With these gigs, the year-to-date price performance is -54.88%. Short interest in Rivian Automotive Inc (NASDAQ:RIVN) saw shorts transact 122.34 million shares and set a 4.14 days time to cover.
The extremes give us $9 and $147 for target low and target high price respectively. As such, RIVN has been trading -1288.1% off suggested target high and 15.01% from its likely low.
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 24.24% up over the last 6 months, with its year-to-date growth rate higher than industry average at 18.03% against -6.80%. Revenue is forecast to grow 23.50% this quarter before jumping 50.70% for the next one. The rating firms project that company’s revenue will grow 6.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 1.03B. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 1.29B.Earnings reports from the last fiscal year show that sales brought in 1.33B and 1.31B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -22.40% before dropping -2.30% in the following quarter.
RIVN Dividends
Rivian Automotive Inc has its next earnings report out on 2024-Nov-07. 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 (NASDAQ:RIVN)’s Major holders
Rivian Automotive Inc insiders hold 26.94% of total outstanding shares, with institutional holders owning 49.51% of the shares at 67.77% float percentage. In total, 49.51% institutions holds shares in the company, led by AMAZON COM INC. As of 2024-06-30, the company held over 158.36 million shares (or 16.1926% of shares), all amounting to roughly $2.13 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 75.11 million shares, or about 7.6797% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.01 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap 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 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 25.16 shares. This is just over 2.52% of the total shares, with a market valuation of $267.86 million. Data from the same date shows that the other fund manager holds a little less at 19.85, or 1.98% of the shares, all valued at about 211.33 million.
