Market cap of Rivian Automotive Inc. [RIVN] reaches 15.25B – now what?

Rivian Automotive Inc. [NASDAQ: RIVN] stock went on a downward path that fall over -0.97% on Friday, amounting to a one-week price decrease of less than -12.44%. The company report on January 3, 2023 that Rivian Produced 10,020 Vehicles in Q4 2022.

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Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending December 31, 2022. The company produced 10,020 vehicles at its manufacturing facility in Normal, Illinois and delivered 8,054 vehicles during the same period.

On a full-year 2022 basis, the company produced 24,337 vehicles and delivered 20,332 vehicles.

Over the last 12 months, RIVN stock dropped by -81.78%. The one-year Rivian Automotive Inc. stock forecast points to a potential upside of 61.86. The average equity rating for RIVN stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $15.25 billion, with 918.00 million shares outstanding and 801.37 million shares in the current float. Compared to the average trading volume of 15.93M shares, RIVN stock reached a trading volume of 22022294 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Rivian Automotive Inc. [RIVN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RIVN shares is $43.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RIVN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Rivian Automotive Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 04, 2023. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on December 20, 2022, representing the official price target for Rivian Automotive Inc. stock. Previously, the target price had yet another raise to $35, while Evercore ISI analysts kept a In-line rating on RIVN stock.

The Average True Range (ATR) for Rivian Automotive Inc. is set at 1.49, with the Price to Sales ratio for RIVN stock in the period of the last 12 months amounting to 14.54. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 14.27.

RIVN Stock Performance Analysis:

Rivian Automotive Inc. [RIVN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.44. With this latest performance, RIVN shares dropped by -41.20% in over the last four-week period, additionally sinking by -48.73% over the last 6 months – not to mention a drop of -81.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RIVN stock in for the last two-week period is set at 22.86, with the RSI for the last a single of trading hit 18.88, and the three-weeks RSI is set at 27.32 for Rivian Automotive Inc. [RIVN]. The present Moving Average for the last 50 days of trading for this stock 27.35, while it was recorded at 17.29 for the last single week of trading, and 31.92 for the last 200 days.

Insight into Rivian Automotive Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Rivian Automotive Inc. [RIVN] shares currently have an operating margin of -7672.73 and a Gross Margin at -1203.64. Rivian Automotive Inc.’s Net Margin is presently recorded at -8523.64.

Return on Equity for this stock declined to -40.11, with Return on Assets sitting at -34.86.

Rivian Automotive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.40 and a Current Ratio set at 6.80.

Rivian Automotive Inc. [RIVN] Insider Position Details

There are presently around $10,297 million, or 69.40% of RIVN stock, in the hands of institutional investors. The top three institutional holders of RIVN stocks are: AMAZON COM INC with ownership of 158,363,834, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 140,632,372 shares of the stock with an approximate value of $2.31 billion in RIVN stocks shares; and BLACKROCK INC., currently with $763.61 million in RIVN stock with ownership of nearly 44.705% of the company’s market capitalization.

Positions in Rivian Automotive Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 352 institutional holders increased their position in Rivian Automotive Inc. [NASDAQ:RIVN] by around 81,716,824 shares. Additionally, 172 investors decreased positions by around 22,760,045 shares, while 134 investors held positions by with 523,417,475 shares. The mentioned changes placed institutional holdings at 627,894,344 shares, according to the latest SEC report filing. RIVN stock had 116 new institutional investments in for a total of 15,901,387 shares, while 72 institutional investors sold positions of 5,699,028 shares during the same period.


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