Can Rivian Automotive Inc. (RIVN) Remain Competitive? – News Heater
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Can Rivian Automotive Inc. (RIVN) Remain Competitive?

Rivian Automotive Inc. (NASDAQ:RIVN) went down by -0.68% from its latest closing price compared to the recent 1-year high of $179.47. The company’s stock price has collected -7.48% of loss in the last five trading sessions. The Wall Street Journal reported on 06/08/22 that Lucid, Rivian Each Awarded CEOs More Than $400 Million Last Year

Is It Worth Investing in Rivian Automotive Inc. (NASDAQ :RIVN) Right Now?

Opinions of the stock are interesting as 9 analysts out of 18 who provided ratings for Rivian Automotive Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $51.60, which is $32.26 above the current price. RIVN currently public float of 742.07M and currently shorts hold a 6.95% ratio of that float. Today, the average trading volume of RIVN was 19.95M shares.

RIVN’s Market Performance

RIVN stocks went down by -7.48% for the week, with a monthly drop of -3.85% and a quarterly performance of -42.46%. The volatility ratio for the week stands at 8.60% while the volatility levels for the past 30 days are set at 8.35% for Rivian Automotive Inc. The simple moving average for the period of the last 20 days is -9.46% for RIVN stocks with a simple moving average of -58.76% for the last 200 days.

Analysts’ Opinion of RIVN

Many brokerage firms have already submitted their reports for RIVN stocks, with DA Davidson repeating the rating for RIVN by listing it as a “Underperform.” The predicted price for RIVN in the upcoming period, according to DA Davidson is $24 based on the research report published on June 02nd of the current year 2022.

Exane BNP Paribas, on the other hand, stated in their research note that they expect to see RIVN reach a price target of $26. The rating they have provided for RIVN stocks is “Neutral” according to the report published on May 12th, 2022.

Exane BNP Paribas gave a rating of “Underperform” to RIVN, setting the target price at $35 in the report published on April 11th of the current year.

RIVN Trading at -15.41% from the 50-Day Moving Average

After a stumble in the market that brought RIVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.38% of loss for the given period.

Volatility was left at 8.35%, however, over the last 30 days, the volatility rate increased by 8.60%, as shares sank -11.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.56% lower at present.

During the last 5 trading sessions, RIVN fell by -7.48%, in comparison to the 20-day moving average, which settled at $28.81. In addition, Rivian Automotive Inc. saw -74.69% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RIVN starting from FLATLEY JAY T, who purchase 40,000 shares at the price of $29.31 back on May 26. After this action, FLATLEY JAY T now owns 92,616 shares of Rivian Automotive Inc., valued at $1,172,400 using the latest closing price.

Behl Jiten, the Chief Growth Officer of Rivian Automotive Inc., sale 1,608 shares at $25.83 during a trade that took place back on May 17, which means that Behl Jiten is holding 25,900 shares at $41,535 based on the most recent closing price.

Stock Fundamentals for RIVN

Equity return is now at value -73.80, with -40.10 for asset returns.

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