Currently, there are 1.02B common shares owned by the public and among those 742.19M shares have been available to trade.
The company’s stock has a 5-day price change of -0.64% and 17.85% over the past three months. RIVN shares are trading -6.17% year to date (YTD), with the 12-month market performance down to -19.48% lower. It has a 12-month low price of $8.26 and touched a high of $18.85 over the same period. RIVN has an average intraday trading volume of 40.91 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 -4.32%, -6.50%, and 0.03% respectively.
Institutional ownership of Rivian Automotive Inc (NASDAQ: RIVN) shares accounts for 44.06% of the company’s 1.02B shares outstanding.
It has a market capitalization of $12.74B and a beta (3y monthly) value of 2.04. 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 4.41% over the week and 5.00% over the month.
Earnings per share for the fiscal year are expected to increase by 14.98%, and 31.98% over the next financial year. EPS should grow at an annualized rate of 20.44% over the next five years, compared to -86.59% over the past 5-year period.
Looking at the support for the RIVN, a number of firms have released research notes about the stock. Bernstein stated their Underperform rating for the stock in a research note on January 29, 2025, with the firm’s price target at $6.10. Robert W. Baird coverage for the Rivian Automotive Inc (RIVN) stock in a research note released on December 18, 2024 offered a Neutral rating with a price target of $16. The Benchmark Company was of a view on December 09, 2024 that the stock is Buy, while BofA Securities gave the stock Neutral rating on November 08, 2024, issuing a price target of $20- $13. Morgan Stanley on their part issued Equal-Weight rating on September 25, 2024.
