Rivian Automotive Inc (NASDAQ: RIVN) is -56.05% lower on its value in year-to-date trading and has touched a low of $8.26 and a high of $24.61 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 $12.03 in the last trading session, with the day’s loss setting it -1.72%.
Currently trading at $10.31, the stock is -1.24% and -7.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 79.87 million and changing -14.30% at the moment leaves the stock -15.34% off its SMA200. RIVN registered -38.99% loss for a year compared to 6-month gain of 1.78%. The firm has a 50-day simple moving average (SMA 50) of $11.2208 and a 200-day simple moving average (SMA200) of $12.203425.
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 0.68% loss in the last 1 month and extending the period to 3 months gives it a -21.95%, and is 2.59% 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 10.79% over the week and 5.91% over the month.
Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $10.52B and $4.55B in sales. Profit margin for the company is -121.38%. Distance from 52-week low is 24.82% and -58.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.10%).
The EPS is expected to grow by 15.33% this year
965.0 institutions hold shares in Rivian Automotive Inc (RIVN), with institutional investors hold 68.33% of the company’s shares. The shares outstanding are 960.00M, and float is at 730.44M with Short Float at 18.49%. Institutions hold 50.15% 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 Scaringe Robert J, the company’s Chief Executive Officer. SEC filings show that Scaringe Robert J sold 83,333 shares of the company’s common stock on Sep 23 ’24 at a price of $11.64 per share for a total of $0.97 million. Following the sale, the insider now owns 0.89 million shares.
Still, SEC filings show that on Sep 12 ’24, Scaringe Robert J (Chief Executive Officer) disposed off 83,333 shares at an average price of $13.68 for $1.14 million. The insider now directly holds 886,526 shares of Rivian Automotive Inc (RIVN).
