Rivian Automotive Inc (NASDAQ: RIVN): Stock That Needs Special Handling

Currently, there are 960.00M common shares owned by the public and among those 694.82M shares have been available to trade.

However, the script later moved the day high at 11.49, down -0.36%. The company’s stock has a 5-day price change of -1.97% and -53.86% over the past three months. RIVN shares are trading -53.32% year to date (YTD), with the 12-month market performance down to -15.51% 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 42.75 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 -3.73%, -18.96%, and -41.29% respectively.

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Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 50.50% of the company’s 960.00M shares outstanding.

It has a market capitalization of $10.70B and a beta (3y monthly) value of 1.89. 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 5.43% over the week and 6.30% over the month.

Analysts forecast that Rivian Automotive Inc (RIVN) will achieve an EPS of -$1.15 for the current quarter, -$1.12 for the next quarter and -$2.53 for 2025. The lowest estimate earnings-per-share for the quarter is -$1.33 while analysts give the company a high EPS estimate of -$1.04. Comparatively, EPS for the current quarter was -$1.25 a year ago. Earnings per share for the fiscal year are expected to increase by 14.06%, and 32.03% over the next financial year.

Looking at the support for the RIVN, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on March 25, 2024, with the firm’s price target at $12. Piper Sandler coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on March 15, 2024 offered a Overweight rating with a price target of $21. Jefferies was of a view on March 07, 2024 that the stock is Buy, while Truist gave the stock Hold rating on February 26, 2024, issuing a price target of $26- $11. UBS on their part issued Sell rating on February 23, 2024.

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