In the last trading session, 26.8 million shares of the Rivian Automotive Inc (NASDAQ:RIVN) were traded, and its beta was 1.87. Most recently the company’s share price was $12.03, and it changed around $0.56 or 4.88% from the last close, which brings the market valuation of the company to $13.60B. RIVN currently trades at a discount to its 52-week high of $18.85, offering almost -56.69% off that amount. The share price’s 52-week low was $8.26, which indicates that the current value has risen by an impressive 31.34% since then. We note from Rivian Automotive Inc’s average daily trading volume that its 10-day average is 37.42 million shares, with the 3-month average coming to 31.92 million.
Rivian Automotive Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.53. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 16 recommended RIVN as a Hold, whereas 7 deemed it a Buy, and 3 rated it as Underweight.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Instantly RIVN has showed a green trend with a performance of 4.88% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.18 on recent trading dayincreased the stock’s daily price by 1.23%. The company’s shares are currently down -9.55% year-to-date, but still up 7.31% over the last five days. On the other hand, Rivian Automotive Inc (NASDAQ:RIVN) is 11.91% up in the 30-day period. We can see from the shorts that 141.84 million shares have been sold at a short interest cover period of 4.91 day(s).
The consensus price target as assigned by Wall Street analysts is $12.5, which translates to bulls needing to increase their stock price by 3.76% from its current value. Analyst projections state that RIVN is forecast to be at a low of $12 and a high of $16.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -58.18%. Rivian Automotive Inc earnings are expected to increase by 28.19% in 2025, but the outlook is positive 24.57% per year for the next five years.
RIVN Dividends
Rivian Automotive Inc’s next quarterly earnings report is expected to be released on 2025-Feb-19.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.51% of Rivian Automotive Inc shares, and 44.08% of them are in the hands of institutional investors. The stock currently has a share float of 65.31%. Rivian Automotive Inc stock is held by 990.0 institutions, with AMAZON COM INC being the largest institutional investor. By 2024-06-30, it held 15.8206% of the shares, which is about 158.36 million shares worth $2.13 billion.
VANGUARD GROUP INC, with 7.6797% or 75.11 million shares worth $1.01 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 23.99 shares worth $288.55 million, making up 2.14% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held roughly 19.35 shares worth around $232.79 million, which represents about 1.72% of the total shares outstanding.
