Rivian Automotive Inc [NASDAQ: RIVN] slipped around -0.52 points on Friday, while shares priced at $14.72 at the close of the session, down -3.41%.
Compared to the average trading volume of 45.29M shares, RIVN reached a trading volume of 26785076 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $18.04 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 1.02, with the Price to Sales ratio for RIVN stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 7.89.
How has RIVN stock performed recently?
Rivian Automotive Inc [RIVN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.19. With this latest performance, RIVN shares gained by 0.48% in over the last four-week period, additionally sinking by -5.22% over the last 6 months – not to mention a drop of -43.19% 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 43.99, with the RSI for the last a single of trading hit 33.59, and the three-weeks RSI is set at 49.43 for Rivian Automotive Inc [RIVN]. The present Moving Average for the last 50 days of trading for this stock 13.72, while it was recorded at 15.78 for the last single week of trading, and 14.45 for the last 200 days.
Rivian Automotive Inc [RIVN]: Deeper insight into the 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.
Insider trade positions for Rivian Automotive Inc [RIVN]
The top three institutional holders of RIVN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RIVN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RIVN stock with ownership which is approximately 5.1238%.
