Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 2.12 and has seen 14.48 million shares traded in the recent trading session. The company, currently valued at $15.18B, closed the recent trade at $14.87 per share which meant it lost -$0.47 on the day or -3.06% during that session. The RIVN stock price is -65.5% off its 52-week high price of $24.61 and 44.45% 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 41.41 million shares traded. The 3-month trading volume is 39.09 million shares.
The consensus among analysts is that Rivian Automotive Inc (RIVN) is Buy stock at the moment, with a recommendation rating of 2.25. 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 -0.65.
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Rivian Automotive Inc (NASDAQ:RIVN) trade information
Sporting -3.06% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RIVN stock price touched $14.87 or saw a rise of 4.0%. Year-to-date, Rivian Automotive Inc shares have moved -36.62%, while the 5-day performance has seen it change 5.76%. Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed 47.81%. Short interest in the company has seen 151.12 million shares shorted with days to cover at 3.17.
Wall Street analysts have a consensus price target for the stock at $16.5, which means that the shares’ value could jump 9.88% from the levels at last check today. The projected low price target is $13.0 while the price target rests at a high of $30.0. In that case, then, we find that the latest price level in today’s session is -101.75% off the targeted high while a plunge would see the stock lose 12.58% 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 gained 34.94% over the past 6 months, with this year growth rate of 17.42%, compared to -10.90% for the industry. Revenue growth from the last financial year stood is estimated to be 5.00%.
19 analysts offering their estimates for the company have set an average revenue estimate of 1.38B for the current quarter. 12 have an estimated revenue figure of 1.11B for the next ending quarter. Year-ago sales stood 1.31B and 1.2B respectively for this quarter and the next, and analysts expect sales will grow by 4.75% for the current quarter and 5.00% 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.
RIVN Dividends
Rivian Automotive Inc is expected to release its next earnings report in January 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 26.61% of the company shares, while shares held by institutions stand at 45.84% with a share float percentage of 62.45%. Investors are also buoyed by the number of investors in a company, with Rivian Automotive Inc having a total of 958.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.67% shares in the company for having 27.04 shares of worth $395.95 million while later fund manager owns 21.29 shares of worth $311.63 million as of Sep 30, 2024, which makes it owner of about 2.10% of company’s outstanding stock.
