In last trading session, Rivian Automotive Inc (NASDAQ:RIVN) saw 27.92 million shares changing hands with its beta currently measuring 1.85. Company’s recent per share price level of $11.80 trading at $0.44 or 3.87% at ring of the bell on the day assigns it a market valuation of $13.34B. That closing price of RIVN’s stock is at a discount of -59.75% from its 52-week high price of $18.85 and is indicating a premium of 28.31% from its 52-week low price of $8.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 27.85 million shares which gives us an average trading volume of 30.40 million if we extend that period to 3-months.
For Rivian Automotive Inc (RIVN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.53. Splitting up the data highlights that, out of 23 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.92 in the current quarter.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Upright in the green during last session for gaining 3.87%, in the last five days RIVN remained trading in the red while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $11.80 price level, adding 3.59% to its value on the day. Rivian Automotive Inc’s shares saw a change of -11.28% in year-to-date performance and have moved -0.92% in past 5-day. Rivian Automotive Inc (NASDAQ:RIVN) showed a performance of -3.20% in past 30-days. Number of shares sold short was 141.84 million shares which calculate 4.91 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12.5 to the stock, which implies a rise of 5.6% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would drop -1.69% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.69% for stock’s current value.
Rivian Automotive Inc (RIVN) estimates and forecasts
This year revenue growth is estimated to rise 8.15% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.02B for the same. And 24 analysts are in estimates of company making revenue of 1.41B in the next quarter. Company posted 1.2B and 1.16B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -58.18% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 28.15% while estimates for its earnings growth in next 5 years are of 24.57%.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
Insiders are in possession of 32.51% of company’s total shares while institution are holding 44.11 percent of that, with stock having share float percentage of 65.35%. Investors also watch the number of corporate investors in a company very closely, which is 44.11% institutions for Rivian Automotive Inc that are currently holding shares of the company. AMAZON COM INC is the top institutional holder at RIVN for having 158.36 million shares of worth $2.13 billion. And as of 2024-06-30, it was holding 15.8206 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 75.11 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5032 of outstanding shares, having a total worth of $1.01 billion.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 23.99 shares of worth $283.03 million or 2.11% of the total outstanding shares. The later fund manager was in possession of 19.35 shares on Dec 31, 2024 , making its stake of worth around $228.34 million in the company or a holder of 1.70% of company’s stock.
