Rivian Automotive Inc (NASDAQ:RIVN) shares, rose in value on Wednesday, March 26, with the stock price down by -2.10% to the previous day’s close as strong demand from buyers drove the stock to $12.10.
Actively observing the price movement in the last trading, the stock closed the session at $12.36, falling within a range of $11.95 and $12.6647. The value of beta (5-year monthly) was 2.037. Referring to stock’s 52-week performance, its high was $18.85, and the low was $8.26. On the whole, RIVN has fluctuated by 5.68% over the past month.
With the market capitalization of Rivian Automotive Inc currently standing at about $13.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIVN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of RIVN currently trading nearly 6.74% and -1.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.88, while the 7-day volatility ratio is showing 5.26% which for the 30-day chart, stands at 5.52%. Furthermore, Rivian Automotive Inc (RIVN)’s beta value is 1.98, and its average true range (ATR) is 0.66.
A comparison of Rivian Automotive Inc (RIVN) with its peers suggests the former has fared considerably weaker in the market. RIVN showed an intraday change of -2.10% in last session, and over the past year, it grew by 12.04%%.
Data on historical trading for Rivian Automotive Inc (NASDAQ:RIVN) indicates that the trading volumes over the past 10 days have averaged 26.49 and over the past 3 months, they’ve averaged 31.88 million. According to company’s latest data on outstanding shares, there are 1.12 billion shares outstanding.
Nearly 33.00% of Rivian Automotive Inc’s shares belong to company insiders and institutional investors own 41.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 140.04 million shares as on 2025-03-14, resulting in a short ratio of 4.22. According to the data, the short interest in Rivian Automotive Inc (RIVN) stood at 1640.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 145.91 million. The stock has fallen by -9.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIVN stock heading into the next quarter.
