Rivian Automotive Inc (NASDAQ:RIVN) shares, rose in value, with the stock price down by -2.21% to the previous day’s close as strong demand from buyers drove the stock to $8.84.
Actively observing the price movement in the last trading, the stock closed the session at $9.04. Referring to stock’s 52-week performance, its high was $28.06, and the low was $8.26. On the whole, RIVN has fluctuated by -17.00% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIVN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RIVN currently trading nearly -9.80% and -22.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.22, while the 7-day volatility ratio is showing 6.17% which for the 30-day chart, stands at 5.42%. Furthermore, Rivian Automotive Inc (RIVN)’s beta value is 1.91, and its average true range (ATR) is 0.60.
A comparison of Rivian Automotive Inc (RIVN) with its peers suggests the former has fared considerably weaker in the market. RIVN showed an intraday change of -2.21% in last session, and over the past year, it shrunk by -28.48%%.
Data on historical trading for Rivian Automotive Inc (NASDAQ:RIVN) indicates that the trading volumes over the past 3 months, they’ve averaged 45.55 million. According to company’s latest data on outstanding shares, there are 960.00 million shares outstanding.
Nearly 28.34% of Rivian Automotive Inc’s shares belong to company insiders and institutional investors own 50.53% of the company’s shares. The stock has fallen by -62.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIVN stock heading into the next quarter.
