Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 2.04 and has seen 20.25 million shares traded in the last trading session. The company, currently valued at $10.46B, closed the last trade at $10.29 per share which meant it gained $0.11 on the day or 1.08% during that session. The RIVN stock price is -139.16% off its 52-week high price of $24.61 and 19.73% 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 24.08 million shares traded. The 3-month trading volume is 28.66 million shares.
The consensus among analysts is that Rivian Automotive Inc (RIVN) is Buy stock at the moment, with a recommendation rating of 2.24. 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 -0.92.
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Rivian Automotive Inc (NASDAQ:RIVN) trade information
Sporting 1.08% in the green in last session, 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 $10.29 or saw a rise of 5.51%. Year-to-date, Rivian Automotive Inc shares have moved -56.14%, while the 5-day performance has seen it change -5.25%. Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed -1.44%. Short interest in the company has seen 137.04 million shares shorted with days to cover at 3.99.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 42.83% from current levels. 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 current price level is -1328.57% off the targeted high while a plunge would see the stock lose 12.54% from current levels.
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 -0.39% over the past 6 months, with this year growth rate of 18.44%, compared to -6.80% for the industry. Revenue growth from the last financial year stood is estimated to be 5.50%.
20 analysts offering their estimates for the company have set an average revenue estimate of 1B for the current quarter. 19 have an estimated revenue figure of 1.29B 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 -24.50% for the current quarter and 5.50% 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.
RIVN Dividends
Rivian Automotive Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Insiders own 26.94% of the company shares, while shares held by institutions stand at 49.73% with a share float percentage of 68.06%. Investors are also buoyed by the number of investors in a company, with Rivian Automotive Inc having a total of 975.0 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 $2.13 billion. As of 2024-06-30, AMAZON COM INC held 16.1926% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 75.11 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.01 billion and represent 7.6797% of shares outstanding.
