Rivian Automotive Inc (NASDAQ: RIVN) is -3.23% lower on its value in year-to-date trading and has touched a low of $8.26 and a high of $18.85 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 $12.39 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $12.87, the stock is -3.85% and -2.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.82 million and changing 3.87% at the moment leaves the stock 3.64% off its SMA200. RIVN registered -17.13% loss for a year compared to 6-month loss of -12.57%. The firm has a 50-day simple moving average (SMA 50) of $13.1381 and a 200-day simple moving average (SMA200) of $12.397.
The stock witnessed a -2.87% gain in the last 1 month and extending the period to 3 months gives it a 27.43%, and is 1.26% 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 4.59% over the week and 6.33% over the month.
Rivian Automotive Inc (RIVN) has around 16790 employees, a market worth around $13.14B and $4.55B in sales. Profit margin for the company is -121.38%. Distance from 52-week low is 55.81% and -31.74% from its 52-week high. The company has generated returns on investments over the last 12 months (-47.10%).
with sales reaching $1.43B over the same period.The EPS is expected to grow by 14.98% this year, but quarterly earnings will post 5.26% year-over-year. Quarterly sales are estimated to grow 8.43% in year-over-year returns.
Rivian Automotive Inc (RIVN) Top Institutional Holders
960.0 institutions hold shares in Rivian Automotive Inc (RIVN), with institutional investors hold 62.87% of the company’s shares. The shares outstanding are 1.02B, and float is at 742.93M with Short Float at 19.34%. Institutions hold 46.14% 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 35,713 shares of the company’s common stock on Jan 21 ’25 at a price of $13.76 per share for a total of $0.49 million. Following the sale, the insider now owns 0.86 million shares.
Still, SEC filings show that on Jan 06 ’25, Scaringe Robert J (Chief Executive Officer) disposed off 71,429 shares at an average price of $16.17 for $1.16 million. The insider now directly holds 863,361 shares of Rivian Automotive Inc (RIVN).
