Rivian Automotive Inc (NASDAQ: RIVN) is 4.14% higher on its value in year-to-date trading and has touched a low of $8.26 and a high of $19.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RIVN stock was last observed hovering at around $14.21 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $13.85, the stock is -2.18% and 12.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.99 million and changing -2.53% at the moment leaves the stock 13.74% off its SMA200. RIVN registered -28.05% loss for a year compared to 6-month loss of -17.36%. The firm has a 50-day simple moving average (SMA 50) of $12.3453 and a 200-day simple moving average (SMA200) of $12.1764.
The stock witnessed a -4.15% gain in the last 1 month and extending the period to 3 months gives it a 32.92%, and is 4.53% 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 9.48% over the week and 7.84% over the month.
Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $14.14B and $4.55B in sales. Profit margin for the company is -121.38%. Distance from 52-week low is 67.68% and -29.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.10%).
with sales reaching $1.4B over the same period.The EPS is expected to grow by 14.89% this year, but quarterly earnings will post 4.67% year-over-year. Quarterly sales are estimated to grow 6.36% in year-over-year returns.
Rivian Automotive Inc (RIVN) Top Institutional Holders
958.0 institutions hold shares in Rivian Automotive Inc (RIVN), with institutional investors hold 62.66% of the company’s shares. The shares outstanding are 1.02B, and float is at 742.93M with Short Float at 19.50%. Institutions hold 45.99% 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 71,429 shares of the company’s common stock on Jan 06 ’25 at a price of $16.17 per share for a total of $1.16 million. Following the sale, the insider now owns 0.86 million shares.
Still, SEC filings show that on Dec 23 ’24, Scaringe Robert J (Chief Executive Officer) disposed off 71,429 shares at an average price of $13.88 for $0.99 million. The insider now directly holds 863,361 shares of Rivian Automotive Inc (RIVN).
