Currently, there are 960.00M common shares owned by the public and among those 687.88M 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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The company’s stock has a 5-day price change of 1.96% and -34.90% over the past three months. RIVN shares are trading -53.50% year to date (YTD), with the 12-month market performance down to -30.60% lower. It has a 12-month low price of $10.05 and touched a high of $28.06 over the same period. RIVN has an average intraday trading volume of 39.60 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 -22.76%, -35.98%, and -42.29% respectively.
Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 50.99% of the company’s 960.00M shares outstanding.
It has a market capitalization of $10.56B and a beta (3y monthly) value of 1.90. 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 6.16% over the week and 5.89% over the month.
Earnings per share for the fiscal year are expected to increase by 14.02%, and 31.99% over the next financial year.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on February 26, 2024, with the firm’s price target at $26-$11. UBS coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on February 23, 2024 offered a Sell rating with a price target of $8. JP Morgan was of a view on February 22, 2024 that the stock is Underweight, while Barclays gave the stock Equal Weight rating on February 12, 2024, issuing a price target of $25- $16. Deutsche Bank on their part issued Hold rating on January 17, 2024.
