While Rivian Automotive Inc has overperformed by 0.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RIVN fell by -19.80%, with highs and lows ranging from $18.85 to $8.26, whereas the simple moving average jumped by 1.47% in the last 200 days.
On January 29, 2025, Bernstein started tracking Rivian Automotive Inc (NASDAQ: RIVN) recommending Underperform. A report published by Robert W. Baird on December 18, 2024, Downgraded its rating to ‘Neutral’ for RIVN. The Benchmark Company also rated RIVN shares as ‘Buy’, setting a target price of $18 on the company’s shares in an initiating report dated December 09, 2024. BofA Securities November 08, 2024d the rating to Neutral on November 08, 2024, and set its price target from $20 to $13. Morgan Stanley September 25, 2024d its ‘Overweight’ rating to ‘Equal-Weight’ for RIVN, as published in its report on September 25, 2024. Deutsche Bank’s report from September 10, 2024 suggests a price prediction of $14 for RIVN shares, giving the stock a ‘Hold’ rating. Wolfe Research also rated the stock as ‘Peer Perform’.
Analysis of Rivian Automotive Inc (RIVN)
Further, the quarter-over-quarter decrease in sales is -34.63%, showing a negative trend in the upcoming months.
Rivian Automotive Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -67.16% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and RIVN has an average volume of 41.85M. On a monthly basis, the volatility of the stock is set at 6.71%, whereas on a weekly basis, it is put at 4.53%, with a loss of -1.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.76, showing growth from the present price of $12.56, which can serve as yet another indication of whether RIVN is worth investing in or should be passed over.
How Do You Analyze Rivian Automotive Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.21%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RIVN shares are owned by institutional investors to the tune of 43.54% at present.
