Rivian Automotive Inc [NASDAQ: RIVN] stock went on an upward path that rose over 0.08% on Friday, amounting to a one-week price increase of more than 22.06%.
Over the last 12 months, RIVN stock dropped by -29.39%. The one-year Rivian Automotive Inc stock forecast points to a potential upside of 17.03. The average equity rating for RIVN stock is currently 2.32, trading closer to a bullish pattern in the stock market.
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
The market cap for the stock reached $12.50 billion, with 960.00 million shares outstanding and 739.56 million shares in the current float. Compared to the average trading volume of 35.75M shares, RIVN stock reached a trading volume of 26167952 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 $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 0.81, with the Price to Sales ratio for RIVN stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 6.60.
RIVN Stock Performance Analysis:
Rivian Automotive Inc [RIVN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.06. With this latest performance, RIVN shares gained by 17.71% in over the last four-week period, additionally plugging by 12.00% over the last 6 months – not to mention a drop of -29.39% 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 63.38, with the RSI for the last a single of trading hit 69.85, and the three-weeks RSI is set at 58.79 for Rivian Automotive Inc [RIVN]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 11.57 for the last single week of trading, and 11.94 for the last 200 days.
Insight into Rivian Automotive Inc 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.
RIVN Stock EPS
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] Institutonal Ownership Details
There are presently around $45.75%, or 62.34%% 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%.
