Currently, there are 960.00M common shares owned by the public and among those 700.41M shares have been available to trade.
However, the script later moved the day high at 9.51, down -2.27%. The company’s stock has a 5-day price change of -5.48% and -44.25% over the past three months. RIVN shares are trading -63.21% year to date (YTD), with the 12-month market performance down to -32.68% lower. It has a 12-month low price of $8.26 and touched a high of $28.06 over the same period. RIVN has an average intraday trading volume of 45.74 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 -14.63%, -26.78%, and -52.74% respectively.
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Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 50.52% of the company’s 960.00M shares outstanding.
It has a market capitalization of $8.44B 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 6.58% over the week and 5.18% over the month.
Earnings per share for the fiscal year are expected to increase by 14.09%, and 31.62% over the next financial year.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on April 18, 2024, with the firm’s price target at $18-$13. UBS coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on April 16, 2024 offered a Neutral rating with a price target of $9. Mizuho was of a view on March 25, 2024 that the stock is Neutral, while Piper Sandler gave the stock Overweight rating on March 15, 2024, issuing a price target of $15- $21. Jefferies on their part issued Buy rating on March 07, 2024.
