Currently, there are 918.00M common shares owned by the public and among those 668.80M shares have been available to trade.
Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 1,037,482 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 1,790,279 shares.
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However, the script later moved the day high at 11.02, down -12.05%. The company’s stock has a 5-day price change of -38.41% and -35.94% over the past three months. RIVN shares are trading -57.08% year to date (YTD), with the 12-month market performance down to -47.06% lower. It has a 12-month low price of $11.06 and touched a high of $28.06 over the same period. RIVN has an average intraday trading volume of 36.43 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -34.94%, -44.79%, and -46.96% respectively.
Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 51.61% of the company’s 918.00M shares outstanding.
It has a market capitalization of $9.63B and a beta (3y monthly) value of 1.91. The earnings-per-share (ttm) stands at -$5.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.44% over the week and 5.48% over the month.
Analysts forecast that Rivian Automotive Inc (RIVN) will achieve an EPS of -$1.14 for the current quarter, -$1.09 for the next quarter and -$2.4 for 2025. The lowest estimate earnings-per-share for the quarter is -$1.31 while analysts give the company a high EPS estimate of -$1.05. Comparatively, EPS for the current quarter was -$1.25 a year ago. Earnings per share for the fiscal year are expected to increase by 15.28%, and 32.58% over the next financial year.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on February 23, 2024, with the firm’s price target at $24-$8. Barclays was of a view on February 12, 2024 that the stock is Equal Weight, while Deutsche Bank gave the stock Hold rating on January 17, 2024, issuing a price target of $29- $19. Wolfe Research on their part issued Peer Perform rating on January 04, 2024.
