In the last trading session, 33.42 million Rivian Automotive Inc (NASDAQ:RIVN) shares changed hands as the company’s beta touched 1.87. With the company’s per share price at $13.19 changed hands at $0.57 or 4.52% during last session, the market valuation stood at $14.91B. RIVN’s last price was a discount, traded about -42.91% off its 52-week high of $18.85. The share price had its 52-week low at $8.50, which suggests the last value was 35.56% up since then. When we look at Rivian Automotive Inc’s average trading volume, we note the 10-day average is 25.07 million shares, with the 3-month average coming to 29.94 million.
Analysts gave the Rivian Automotive Inc (RIVN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.53. If we narrow down to specifics, the data shows that 2 out of 23 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended RIVN as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. Rivian Automotive Inc’s EPS for the current quarter is expected to be -0.92.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Instantly RIVN was in green as seen at the end of in last trading. With action 18.30%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.83%, with the 5-day performance at 18.30% in the green. However, in the 30-day time frame, Rivian Automotive Inc (NASDAQ:RIVN) is 1.31% up. Looking at the short shares, we see there were 145.18 million shares sold at short interest cover period of 4.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12.5, meaning bulls need a downside of -5.52% from its current market value. According to analyst projections, RIVN’s forecast low is 12 with 16 as the target high. To hit the forecast high, the stock’s price needs a -21.3% plunge from its current level, while the stock would need to tank 9.02% for it to hit the projected low.
Rivian Automotive Inc (RIVN) estimates and forecasts
Year-over-year growth is forecast to reach 8.13% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 1.02B. 24 analysts are of the opinion that Rivian Automotive Inc’s revenue for the current quarter will be 1.41B. The company’s revenue for the corresponding quarters a year ago was 1.2B and 1.16B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.45%. The estimates for the next quarter sales put growth at 21.38%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -58.18%. The 2025 estimates are for Rivian Automotive Inc earnings to increase by 28.04%, but the outlook for the next 5-year period is at 24.47% per year.
RIVN Dividends
Rivian Automotive Inc is expected to release its next quarterly earnings report on 2025-Feb-19.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.60% of Rivian Automotive Inc shares while 44.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 65.42%. There are 44.09% institutions holding the Rivian Automotive Inc stock share, with AMAZON COM INC the top institutional holder. As of 2024-06-30, the company held 15.8206% of the shares, roughly 158.36 million RIVN shares worth $2.13 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.5032% or 75.11 million shares worth $1.01 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 23.99 shares estimated at $316.37 million under it, the former controlled 2.11% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 1.70% of the shares, roughly 19.35 shares worth around $255.23 million.
