There is no doubt that Rivian Automotive Inc. (RIVN) ticks all the boxes.

Rivian Automotive Inc. (NASDAQ: RIVN) stock jumped 0.29% on Friday to $24.18 against a previous-day closing price of $24.11. With 38.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 49.97 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $24.62 whereas the lowest price it dropped to was $23.68. The 52-week range on RIVN shows that it touched its highest point at $40.86 and its lowest point at $11.68 during that stretch. It currently has a 1-year price target of $29.09. Beta for the stock currently stands at 2.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIVN was up-trending over the past week, with a rise of 4.68%, but this was up by 14.92% over a month. Three-month performance surged to 58.66% while six-month performance rose 79.64%. The stock lost -39.70% in the past year, while it has gained 31.20% so far this year. A look at the trailing 12-month EPS for RIVN yields -6.46 with Next year EPS estimates of -3.33. For the next quarter, that number is -1.32. This implies an EPS growth rate of 67.80% for this year and 33.90% for next year.

Float and Shares Shorts:

At present, 942.00 million RIVN shares are outstanding with a float of 824.65 million shares on hand for trading. On Aug 30, 2023, short shares totaled 86.26 million, which was 9.10% higher than short shares on Jul 30, 2023. In addition to Mr. Robert Joseph Scaringe Ph.D. as the firm’s Founder, CEO & Chairman, Ms. Claire McDonough serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 62.80% of RIVN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.68% of RIVN, in contrast to 24.70% held by mutual funds. Shares owned by individuals account for 22.76%. As the largest shareholder in RIVN with 7.74% of the stake, T. Rowe Price Associates, Inc. holds 72,732,463 shares worth 72,732,463. A second-largest stockholder of RIVN, The Vanguard Group, Inc., holds 62,259,894 shares, controlling over 6.62% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in RIVN, holding 34,462,185 shares or 3.67% stake. With a 2.92% stake in RIVN, the T Rowe Price Growth Stock Fund is the largest stakeholder. A total of 27,440,174 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.34% of RIVN stock, is the second-largest Mutual Fund holder. It holds 22,011,177 shares valued at 500.31 million. Vanguard Mid Cap Index Fund holds 1.72% of the stake in RIVN, owning 16,188,992 shares worth 367.98 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, RIVN reported revenue of $364.00M and operating income of -$1.71B. The EBITDA in the recently reported quarter was -$1.52B and diluted EPS was -$1.89.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIVN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RIVN analysts setting a high price target of $44.00 and a low target of $15.00, the average target price over the next 12 months is $28.36. Based on these targets, RIVN could surge 81.97% to reach the target high and fall by -37.97% to reach the target low. Reaching the average price target will result in a growth of 17.29% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded RIVN stock several times over the past three months with 11 Buys and 2 Sells. In these transactions, 115,927 shares were bought while 5,624 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 226,119 while 1,815,436 shares were sold.

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