Rivian Automotive Inc [NASDAQ: RIVN] surged by $0.22 during the normal trading session on while it closed the day at $10.24.
Rivian Automotive Inc stock has also gained 1.79% of its value over the past 7 days. However, RIVN stock has declined by -28.69% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.92% and lost -56.35% year-on date.
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The market cap for RIVN stock reached $10.68 billion, with 960.00 million shares outstanding and 730.51 million shares in the current float. Compared to the average trading volume of 33.44M shares, RIVN reached a trading volume of 30417705 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 $14.74 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 2.32. 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.
BofA Securities have made an estimate for Rivian Automotive Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 08, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $16 to $13. The new note on the price target was released on September 25, 2024, representing the official price target for Rivian Automotive Inc stock. Previously, the target price had yet another raise to $14, while Deutsche Bank analysts kept a Hold rating on RIVN stock.
The Average True Range (ATR) for Rivian Automotive Inc is set at 0.73, with the Price to Sales ratio for RIVN stock in the period of the last 12 months amounting to 2.35. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 6.46.
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 1.79. With this latest performance, RIVN shares dropped by -1.82% in over the last four-week period, additionally sinking by -1.92% over the last 6 months – not to mention a drop of -35.92% 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 47.41, with the RSI for the last a single of trading hit 48.14, and the three-weeks RSI is set at 46.43 for Rivian Automotive Inc [RIVN]. The present Moving Average for the last 50 days of trading for this stock 10.75, while it was recorded at 10.11 for the last single week of trading, and 12.02 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 3.70 and a Current Ratio set at 5.09.
Earnings per share (EPS) analysis for Rivian Automotive Inc [RIVN] stock
With the latest financial reports released by the company, Rivian Automotive Inc posted -1.36/share EPS, while the average EPS was predicted by analysts to be reported at -1.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RIVN.
Rivian Automotive Inc [RIVN]: Institutional Ownership
There are presently around $45.73%, or 62.32%% of RIVN stock, in the hands of institutional investors. The top three institutional holders of RIVN stocks are: AMAZON COM INC with ownership of 158.36 million shares, which is approximately 16.1926%. VANGUARD GROUP INC, holding 75.11 million shares of the stock with an approximate value of $$1.01 billion in RIVN stocks shares; and VANGUARD GROUP INC, currently with $$750.26 million in RIVN stock with ownership which is approximately 5.7164%.
