Rivian Automotive Inc (NASDAQ:RIVN) traded at $16.51 at last check on Wednesday, July 24, made a downward move of -5.66% on its previous day’s price.
Looking at the stock we see that its previous close was $17.50 . In terms of its 52-week price range, RIVN has a high of $28.06 and a low of $8.26. The company’s stock has gained about 49.95% over that past 30 days.
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Rivian Automotive Inc has a market cap of $16.43 billion.
Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Rivian Automotive Inc (RIVN) stock as a Hold, while 13 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 4.40% off its SMA20 and 28.66% from its 50-day simple moving average. The RSI (14) is pointing at 59.14 while the volatility over the past week is 5.87% and jumps to 7.94% over the past one month. The beta value is 2.12, while the average true range (ATR) is currently pointing at 1.09. The average price target for the stock over the next 12 months is $20, with the estimates having a low of $9 and a high of $147. These price ends are 45.49% and -790.37% off the today’s price level respectively, although investors could be excited at the prospect of a -21.14% if the RIVN share price touches on the median price of $20.
Coming back to Rivian Automotive Inc (NASDAQ:RIVN), we note that the average 3-month trading volume was 45.72 million, while that of the preceding 10-day period stands at 46.59 million. Current shares outstanding are 960.00 million.
The insiders hold 27.92% of the company’s shares while institutions hold 44.90%. The data shows that short shares as of 2024-06-28, stood at 132.79 million at a short ratio of 2.81. This represents a 18.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.4818.48 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 133.48 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -29.63% down in year-to-date price movement.
