Rivian Automotive Inc (NASDAQ: RIVN) is -43.95% lower on its value in year-to-date trading and has touched a low of $8.26 and a high of $24.87 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 $14.13 in the last trading session, with the day’s loss setting it -0.98%.
Currently trading at $13.15, the stock is -4.87% and -11.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.26 million and changing -6.94% at the moment leaves the stock -7.00% off its SMA200. RIVN registered -42.15% loss for a year compared to 6-month gain of 20.53%.
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 stock witnessed a -10.67% loss in the last 1 month and extending the period to 3 months gives it a 15.35%, and is -8.43% down 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 5.38% over the week and 6.36% over the month.
Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $13.26B and $5.01B in sales. Profit margin for the company is -115.50%. Distance from 52-week low is 59.20% and -47.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.62%).
The EPS is expected to grow by 15.36% this year.
Rivian Automotive Inc (RIVN) Top Institutional Holders
992.0 institutions hold shares in Rivian Automotive Inc (RIVN), with institutional investors hold 68.55% of the company’s shares. The shares outstanding are 960.00M, and float is at 726.90M with Short Float at 17.19%. Institutions hold 49.84% of the Float.
The top institutional shareholder in the company is AMAZON COM INC with over 158.36 million shares valued at $2.13 billion. The investor’s holdings represent 16.1926% of the RIVN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 75.11 million shares valued at $$1.01 billion to account for 7.6797 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 55.91 million shares representing 5.7164% and valued at over $750.26 million, while BLACKROCK INC. holds 4.8558 of the shares totaling 47.49 million with a market value of $637.31 million.
Rivian Automotive Inc (RIVN) Insider Activity
The most recent transaction is an insider sale by McDonough Claire,the company’sChief Financial Officer. SEC filings show that McDonough Claire sold 3,210 shares of the company’s common stock on Aug 16 ’24 at a price of $13.57 per share for a total of $43560.0. Following the sale, the insider now owns 0.39 million shares.
Rivian Automotive Inc disclosed in a document filed with the SEC on Jul 22 ’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 Jul 22 ’24 and was made at $17.02 per share for $1.22 million. Following the transaction, the insider now directly holds 0.91 million shares of the RIVN stock.
Still, SEC filings show that on Jul 12 ’24, Scaringe Robert J (Chief Executive Officer) disposed off 200,000 shares at an average price of $18.00 for $3.6 million. The insider now directly holds 909,691 shares of Rivian Automotive Inc (RIVN).
