Rivian Automotive Inc (NASDAQ:RIVN) traded at $16.49 at close of the session on Friday, January 03 and made an upward move of 24.45% on its previous day’s price.
Looking at the stock we see that its previous close was $13.25 and the beta (5Y monthly) reads 2.045 with the day’s price range being $13.71 – $16.65. In terms of its 52-week price range, RIVN has a high of $20.66 and a low of $8.26. The company’s stock has gained about 38.80% over that past 30 days.
Rivian Automotive Inc has a market cap of $20.95 billion and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the RIVN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 23 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Rivian Automotive Inc (RIVN) stock as a Hold, while 16 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 18.51% off its SMA20 and 37.32% from its 50-day simple moving average. The RSI (14) is pointing at 70.66 while the volatility over the past week is 10.21% and jumps to 8.10% over the past one month. The beta value is 2.05, while the average true range (ATR) is currently pointing at 1.13. The average price target for the stock over the next 12 months is $14.5, with the estimates having a low of $12 and a high of $17. These price ends are 27.23% and -3.09% off the current price level respectively, although investors could be excited at the prospect of a 12.07% if the RIVN share price touches on the median price of $14.5.
Coming back to Rivian Automotive Inc (NASDAQ:RIVN), we note that the average 3-month trading volume was 37.72 million, while that of the preceding 10-day period stands at 37.13 million. Current shares outstanding are 1.02 billion.
The insiders hold 27.21% of the company’s shares while institutions hold 43.90%. The data shows that short shares as of 2024-12-13, stood at 142.36 million at a short ratio of 2.84. This represents a 1914.00 short interest in shares outstanding on 2024-12-13. Shares short fall in December from the previous month at 150.0 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 23.98% up in year-to-date price movement.
