During the last session, Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares were 30.32 million, with the beta value of the company hitting 2.06. At the end of the trading day, the stock’s price was $13.25, reflecting an intraday loss of -0.38% or -$0.05. The 52-week high for the RIVN share is $21.94, that puts it down -65.58 from that peak though still a striking 37.66% gain since the share price plummeted to a 52-week low of $8.26. The company’s market capitalization is $13.52B, and the average intraday trading volume over the past 10 days was 30.44 million shares, and the average trade volume was 37.91 million shares over the past three months.
Rivian Automotive Inc (RIVN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.32. RIVN has a Sell rating from 2 analyst(s) out of 23 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 16 recommend a Buy rating for it.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Rivian Automotive Inc (RIVN) registered a -0.38% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.38% in intraday trading to $13.25, hitting a weekly high. The stock’s 5-day price performance is -5.76%, and it has moved by 11.63% in 30 days. Based on these gigs, the overall price performance for the year is -37.20%. The short interest in Rivian Automotive Inc (NASDAQ:RIVN) is 142.36 million shares and it means that shorts have 2.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $16, which implies an increase of 17.19% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $17 respectively. As a result, RIVN is trading at a discount of -28.3% off the target high and 1.89% off the low.
Rivian Automotive Inc (RIVN) estimates and forecasts
Statistics show that Rivian Automotive Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rivian Automotive Inc (RIVN) shares have gone down -9.56% during the last six months, with a year-to-date growth rate more than the industry average at 17.42% against -9.40.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -86.59%. While earnings are projected to return 14.89% in 2025.
RIVN Dividends
Rivian Automotive Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Rivian Automotive Inc insiders own 26.61% of total outstanding shares while institutional holders control 45.94%, with the float percentage being 62.60%. AMAZON COM INC is the largest shareholder of the company, while 956.0 institutions own stock in it. As of 2024-06-30, the company held over 158.36 million shares (or 16.1926% of all shares), a total value of $2.13 billion in shares.
The next largest institutional holding, with 75.11 million shares, is of VANGUARD GROUP INC’s that is approximately 7.6797% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.01 billion.
