Currently, there are 960.00M common shares owned by the public and among those 730.44M shares have been available to trade.
The company’s stock has a 5-day price change of -4.38% and -41.70% over the past three months. RIVN shares are trading -57.20% year to date (YTD), with the 12-month market performance down to -44.50% lower. It has a 12-month low price of $8.26 and touched a high of $24.61 over the same period. RIVN has an average intraday trading volume of 29.23 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 -6.22%, -18.72%, and -21.59% respectively.
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Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 47.67% of the company’s 960.00M shares outstanding.
It has a market capitalization of $10.12B and a beta (3y monthly) value of 2.04. The earnings-per-share (ttm) stands at -$5.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.85% over the week and 4.66% over the month.
Earnings per share for the fiscal year are expected to increase by 15.22%, and 29.62% over the next financial year.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on September 25, 2024, with the firm’s price target at $16-$13. Deutsche Bank coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on September 10, 2024 offered a Hold rating with a price target of $14. Wolfe Research was of a view on September 05, 2024 that the stock is Peer Perform, while Needham gave the stock Buy rating on June 28, 2024, issuing a price target of $13- $20. Wedbush on their part issued Outperform rating on June 26, 2024.
