Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 1.98 and has seen 8.41 million shares traded in the recent trading session. The company, currently valued at $11.90B, closed the recent trade at $10.52 per share which meant it lost -$0.44 on the day or -3.97% during that session. The RIVN stock price is -79.18% off its 52-week high price of $18.85 and 21.48% above the 52-week low of $8.26.
The consensus among analysts is that Rivian Automotive Inc (RIVN) is Buy stock at the moment, with a recommendation rating of 2.55. 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 -0.87.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Sporting -3.97% in the red today, 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 $10.52 or saw a rise of 9.54%. Year-to-date, Rivian Automotive Inc shares have moved -20.86%, while the 5-day performance has seen it change -6.53%. Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed -15.67%.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 19.08% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $17.0. In that case, then, we find that the latest price level in today’s session is -61.6% off the targeted high while a plunge would see the stock gain -14.07% from the levels at last check today.
Rivian Automotive Inc (RIVN) estimates and forecasts
The company’s shares have lost -20.45% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 8.38%.
19 analysts offering their estimates for the company have set an average revenue estimate of 993.66M for the current quarter. 20 have an estimated revenue figure of 1.42B for the next ending quarter. Year-ago sales stood 1.2B and 1.16B respectively for this quarter and the next, and analysts expect sales will shrink by -17.47% for the current quarter and 8.38% 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 -58.18% over the past 5 years. Earnings growth for 2025 is a modest 29.22% while over the next 5 years, the company’s earnings are expected to increase by 23.33%.
RIVN Dividends
Rivian Automotive Inc is expected to release its next earnings report in April 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
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 15.8206% 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 Dec 31, 2024, the former fund manager holds about 2.14% shares in the company for having 23.99 shares of worth $254.77 million while later fund manager owns 19.35 shares of worth $205.53 million as of Dec 31, 2024, which makes it owner of about 1.72% of company’s outstanding stock.
