During the recent session, Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares were 7.17 million, with the beta value of the company hitting 2.01. At the last check today, the stock’s price was $11.18, reflecting an intraday gain of 1.36% or $0.15. The 52-week high for the RIVN share is $18.85, that puts it down -68.6 from that peak though still a striking 26.12% gain since the share price plummeted to a 52-week low of $8.26. The company’s market capitalization is $12.64B, and the average trade volume was 34.63 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 2.61. 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 1.36% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.36% in intraday trading to $11.18, hitting a weekly high. The stock’s 5-day price performance is -5.57%, and it has moved by -12.45% in 30 days. Based on these gigs, the overall price performance for the year is 2.29%.
The consensus price target of analysts on Wall Street is $13.5, 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 $12 and $17 respectively. As a result, RIVN is trading at a discount of -52.06% off the target high and -7.33% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -58.18%. While earnings are projected to return 29.22% in 2025, the next five years will return 23.33% per annum.
RIVN Dividends
Rivian Automotive Inc is due to release its next quarterly earnings in April. 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
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.
Also, the Mutual Funds coming in first place with the largest holdings of Rivian Automotive Inc (RIVN) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 27.04 shares. This amounts to just over 2.41 percent of the company’s overall shares, with a $295.47 million market value. The same data shows that the other fund manager holds slightly less at 19.35, or about 1.72% of the stock, which is worth about $211.4 million.
