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Rivian Automotive Inc (RIVN) Stock Could Soon Reward Patient Investors

Rivian Automotive Inc (NASDAQ: RIVN) is -52.73% lower on its value in year-to-date trading and has touched a low of $10.05 and a high of $28.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RIVN stock was last observed hovering at around $10.95 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $11.09, the stock is -2.34% and -17.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.7 million and changing 1.28% at the moment leaves the stock -40.50% off its SMA200. RIVN registered -22.12% loss for a year compared to 6-month loss of -51.95%. The firm has a 50-day simple moving average (SMA 50) of $1.45 and a 200-day simple moving average (SMA200) of -$1.51.

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The stock witnessed a -2.03% gain in the last 1 month and extending the period to 3 months gives it a -52.89%, and is 2.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.41% over the week and 6.13% over the month.

Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $10.84B and $4.43B in sales. Profit margin for the company is -122.51%. Distance from 52-week low is 10.35% and -60.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.88%).

Rivian Automotive Inc quarterly earnings per share for the current quarter are estimated at -$1.15 with sales reaching $1.13B over the same period.The EPS is expected to grow by 14.06% this year, but quarterly earnings will post 8.80% year-over-year. Quarterly sales are estimated to grow 70.30% in year-over-year returns.

Rivian Automotive Inc (RIVN) Top Institutional Holders

944 institutions hold shares in Rivian Automotive Inc (RIVN), with institutional investors hold 71.23% of the company’s shares. The shares outstanding are 960.00M, and float is at 694.82M with Short Float at 17.19%. Institutions hold 51.33% of the Float.

The top institutional shareholder in the company is Amazon.com, Inc. with over 158.36 million shares valued at $3.85 billion. The investor’s holdings represent 16.70% of the RIVN Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 73.29 million shares valued at $1.22 billion to account for 7.73% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 63.44 million shares representing 6.69% and valued at over $1.06 billion, while Blackrock Inc. holds 5.89% of the shares totaling 55.83 million with a market value of $930.09 million.

Rivian Automotive Inc (RIVN) Insider Activity

The most recent transaction is an insider sale by Baker Jeff,the company’sChief Accounting Officer. SEC filings show that Baker Jeff sold 31,425 shares of the company’s common stock on Mar 11 ’24 at a price of $13.18 per share for a total of $0.41 million. Following the sale, the insider now owns 52415.0 shares.

Rivian Automotive Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Gruner Kjell (Chief Commercial Officer) sold a total of 19,935 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $12.81 per share for $0.26 million. Following the transaction, the insider now directly holds 0.41 million shares of the RIVN stock.

Still, SEC filings show that on Feb 16 ’24, McDonough Claire (Chief Financial Officer) disposed off 2,946 shares at an average price of $16.20 for $47725.0. The insider now directly holds 155,749 shares of Rivian Automotive Inc (RIVN).

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