Currently, there are 1.02B common shares owned by the public and among those 742.93M shares have been available to trade.
The company’s stock has a 5-day price change of -3.76% and 16.12% over the past three months. RIVN shares are trading -41.05% year to date (YTD), with the 12-month market performance down to -40.34% 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 39.83 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 6.50%, 21.26%, and 15.14% respectively.
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Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 43.91% of the company’s 1.02B shares outstanding.
It has a market capitalization of $14.95B and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$5.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.98% over the week and 7.82% over the month.
Earnings per share for the fiscal year are expected to increase by 14.89%, and 31.88% over the next financial year.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. Robert W. Baird stated their Neutral rating for the stock in a research note on December 18, 2024, with the firm’s price target at $18-$16. The Benchmark Company coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on December 09, 2024 offered a Buy rating with a price target of $18. BofA Securities was of a view on November 08, 2024 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on September 25, 2024, issuing a price target of $16- $13. Deutsche Bank on their part issued Hold rating on September 10, 2024.
