Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 1.86 and has seen 4.44 million shares traded in the recent trading session. The company, currently valued at $15.92B, closed the recent trade at $32770000.000000004 per share which meant it gained $32769986.43 on the day or 4442301% during that session. The RIVN stock price is 100.0% off its 52-week high price of $18.85 and 100.0% above the 52-week low of $9.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.59 million shares traded. The 3-month trading volume is 32.77 million shares.
The consensus among analysts is that Rivian Automotive Inc (RIVN) is Buy stock at the moment, with a recommendation rating of 2.61. 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.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed -14.99%. Short interest in the company has seen 155.32 million shares shorted with days to cover at 3.96.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could drop -273083233.33% from the levels at last check today.. The projected low price target is $12.0 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Rivian Automotive Inc (RIVN) estimates and forecasts
The company’s shares have lost -5.51% over the past 6 months.
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 36.32% while over the next 5 years, the company’s earnings are expected to increase by 23.72%.
RIVN Dividends
Rivian Automotive Inc is expected to release its next earnings report on 2025-May-06 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
Insiders own 32.03% of the company shares, while shares held by institutions stand at 43.69% with a share float percentage of 64.28%. Investors are also buoyed by the number of investors in a company, with Rivian Automotive Inc having a total of 1007.0 institutions that hold shares in the company. 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 7.5032% of shares outstanding.
