Rivian Automotive Inc. (RIVN)’s stock price range in the last year

As of Monday, Rivian Automotive Inc.’s (NASDAQ:RIVN) stock closed at $27.64, up from $26.94 the previous day. While Rivian Automotive Inc. has overperformed by 2.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RIVN fell by -18.33%, with highs and lows ranging from $40.86 to $11.68, whereas the simple moving average jumped by 37.17% in the last 200 days.

On July 05, 2023, DA Davidson Upgraded Rivian Automotive Inc. (NASDAQ: RIVN) to Neutral.

Analysis of Rivian Automotive Inc. (RIVN)

Further, the quarter-over-quarter increase in sales is 595.80%, showing a positive trend in the upcoming months.

One of the most important indicators of Rivian Automotive Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -44.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.10, 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.

For any stock, average volume can also provide valuable insight into volatility, and RIVN is recording 47.43M average volume. On a monthly basis, the volatility of the stock is set at 8.09%, whereas on a weekly basis, it is put at 6.22%, with a gain of 7.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $25.85, showing decline from the present price of $27.64, 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?

Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 0.10%. 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 69.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in RIVN shares?

The recent increase in stakes in RIVN appears to be a result of several institutional investors and hedge funds increasing their positions. T. Rowe Price Associates, Inc.’s position in RIVN has decreased by -34.16% in the first quarter. The company now owns 76,776,122 shares of the stock, with a value of $1.28 billion, following the sale of -39,828,822 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in RIVN during the first quarter, upping its stake by 67.57%. During the last quarter, the company picked up 24,370,063 additional shares for a total stake of worth $1.01 billion, bringing number of shares owned by the company to 60,436,393.

During the first quarter, Fidelity Management & Research Co added a 7,700,516 position in RIVN. Capital Research & Management Co sold an additional -11.88 million shares in the last quarter, decreasing its holdings by -33.38%, now holding 23.72 million shares worth $395.09 million. At the end of the first quarter, BlackRock Investment Management L decreased its RIVN holdings by -0.04% and now holds 21.95 million RIVN shares valued at $365.68 million with the lessened 9801.0 shares during the period. RIVN shares are owned by institutional investors to the tune of 69.40% at present.