Rivian Automotive Inc (NASDAQ: RIVN) is -36.96% lower on its value in year-to-date trading and has touched a low of $8.26 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 $14.65 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $14.79, the stock is 21.28% and 35.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.84 million and changing 0.96% at the moment leaves the stock -1.08% off its SMA200. RIVN registered -27.61% loss for a year compared to 6-month loss of -27.21%.
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The stock witnessed a 31.82% gain in the last 1 month and extending the period to 3 months gives it a 46.00%, and is 2.21% 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 8.72% over the week and 6.81% over the month.
Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $14.72B and $4.98B in sales. Profit margin for the company is -111.09%. Distance from 52-week low is 79.06% and -47.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.04%).
The EPS is expected to grow by 13.40% this year.
Rivian Automotive Inc (RIVN) Top Institutional Holders
The shares outstanding are 960.00M, and float is at 717.41M with Short Float at 18.49%.
Rivian Automotive Inc (RIVN) Insider Activity
The most recent transaction is an insider sale by Scaringe Robert J,the company’sChief Executive Officer. SEC filings show that Scaringe Robert J sold 71,429 shares of the company’s common stock on Jun 25 ’24 at a price of $11.25 per share for a total of $0.8 million. Following the sale, the insider now owns 0.91 million shares.
Rivian Automotive Inc disclosed in a document filed with the SEC on Jun 10 ’24 that Scaringe Robert J (Chief Executive Officer) sold a total of 71,429 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $11.49 per share for $0.82 million. Following the transaction, the insider now directly holds 0.91 million shares of the RIVN stock.
Still, SEC filings show that on May 16 ’24, McDonough Claire (Chief Financial Officer) disposed off 3,210 shares at an average price of $10.25 for $32902.0. The insider now directly holds 405,422 shares of Rivian Automotive Inc (RIVN).
