In the last trading session, 43.75 million Rivian Automotive Inc (NASDAQ:RIVN) shares changed hands as the company’s beta touched 1.91. With the company’s per share price at $16.29 changed hands at $0.48 or 3.04% during last session, the market valuation stood at $18.68B. RIVN’s last price was a discount, traded about -15.72% off its 52-week high of $18.85. The share price had its 52-week low at $9.50, which suggests the last value was 41.68% up since then.
Analysts gave the Rivian Automotive Inc (RIVN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.58. 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 -0.78.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Instantly RIVN was in green as seen at the end of in last trading. With action 11.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 22.48%, with the 5-day performance at 11.27% in the green. However, in the 30-day time frame, Rivian Automotive Inc (NASDAQ:RIVN) is 40.43% up.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need a downside of -35.75% from its current market value. According to analyst projections, RIVN’s forecast low is 12 with 12 as the target high. To hit the forecast high, the stock’s price needs a 26.34% surge from its current level, while the stock would need to tank 26.34% for it to hit the projected low.
Rivian Automotive Inc (RIVN) estimates and forecasts
Year-over-year growth is forecast to reach 5.39% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 1.27B. 22 analysts are of the opinion that Rivian Automotive Inc’s revenue for the current quarter will be 1.37B. The company’s revenue for the corresponding quarters a year ago was 1.16B and 874M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.84%. The estimates for the next quarter sales put growth at 56.52%.
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 36.34%, but the outlook for the next 5-year period is at 22.60% per year.
Rivian Automotive Inc (NASDAQ:RIVN)’s Major holders
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 $390.73 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 $315.22 million.
