Rivian Automotive Inc (NASDAQ:RIVN) price on Wednesday, July 10, rose 4.20% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.37.
A look at the stock’s price movement, the close in the last trading session was $15.71. Turning to its 52-week performance, $28.06 and $8.26 were the 52-week high and 52-week low respectively. Overall, RIVN moved 42.10% over the past month.
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Rivian Automotive Inc’s market cap currently stands at around $16.29 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RIVN is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
RIVN’s current price about 28.31% and 44.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.28, while 7-day volatility ratio is 6.81% and 7.20% in the 30-day chart. Further, Rivian Automotive Inc (RIVN) has a beta value of 2.11, and an average true range (ATR) of 1.03.
If we refocus on Rivian Automotive Inc (NASDAQ:RIVN), historical trading data shows that trading volumes averaged 45.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 960.00 million shares.
The 27.92% of Rivian Automotive Inc’s shares are in the hands of company insiders while institutional holders own 44.80% of the company’s shares. Current price change has pushed the stock -30.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RIVN stock continues to rise going into the next quarter.
