Rivian Automotive Inc [NASDAQ: RIVN] closed the trading session at $13.42.
The stocks have a year to date performance of -42.80 percent and weekly performance of 30.04 percent. The stock has been moved at -43.45 percent over the last six months. The stock has performed 31.31 percent around the most recent 30 days and changed 22.56 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 42.25M shares, RIVN reached to a volume of 87872840 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $16.88 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 2.07. 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.
Needham have made an estimate for Rivian Automotive Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 28, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price from $15 to $20. The new note on the price target was released on June 26, 2024, representing the official price target for Rivian Automotive Inc stock. Previously, the target price had yet another raise from $15 to $19, while Cantor Fitzgerald kept a Overweight rating on RIVN stock.
The Average True Range (ATR) for Rivian Automotive Inc is set at 1.00, with the Price to Sales ratio for RIVN stock in the period of the last 12 months amounting to 2.68. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 7.89.
RIVN stock trade performance evaluation
Rivian Automotive Inc [RIVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.04. With this latest performance, RIVN shares gained by 31.31% in over the last four-week period, additionally sinking by -43.45% over the last 6 months – not to mention a drop of -8.33% 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 62.83, with the RSI for the last a single of trading hit 63.69, and the three-weeks RSI is set at 61.10 for Rivian Automotive Inc [RIVN]. The present Moving Average for the last 50 days of trading for this stock 10.60, while it was recorded at 13.12 for the last single week of trading, and 15.09 for the last 200 days.
Rivian Automotive Inc [RIVN]: An insightful look at the core fundamentals
Rivian Automotive Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.55 and a Current Ratio set at 4.71.
Rivian Automotive Inc [RIVN]: Institutional Ownership
The top three institutional holders of RIVN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RIVN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RIVN stock with ownership which is approximately 5.8386%.
