A look into Rivian Automotive Inc (RIVN)’s deeper side

With 23.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 43.04 million shares. The 52-week range on RIVN shows that it touched its highest point at $28.06 and its lowest point at $10.05 during that stretch. It currently has a 1-year price target of $16.99. Beta for the stock currently stands at 1.89.

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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 2.69%, but this was down by -2.03% over a month. Three-month performance dropped to -52.89% while six-month performance fell -51.95%. The stock lost -22.12% in the past year, while it has lost -52.73% so far this year. A look at the trailing 12-month EPS for RIVN yields -5.73 with Next year EPS estimates of -2.85. For the next quarter, that number is -1.14. This implies an EPS growth rate of 14.06% for this year and 32.03% for next year.

Float and Shares Shorts:

At present, 960.00 million RIVN shares are outstanding with a float of 694.82 million shares on hand for trading. On Mar 15, 2024, short shares totaled 119.44 million, which was 12.22% higher than short shares on Feb 15, 2024. In addition to RIVN as the firm’s Rivian Automotive, Inc., FIVN serves as its Five9, Inc.

Institutional Ownership:

Through their ownership of 51.33% of RIVN’s outstanding shares, institutional investors have majority control over the company.

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.

Dividends & Yield:

In terms of dividends, RIVN has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and RIVN currently yields $0.00. In the past year, RIVN’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, RIVN has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.