Rivian (RIVN, Financial) shares experienced a slight decline, slipping by $0.20 to around $13.12. The options market showed mixed sentiment as options volume matched average levels, with approximately 81,000 contracts changing hands. Calls outpaced puts, reflected in a put/call ratio of 0.51, slightly above the usual 0.46.
The implied volatility (IV30) for RIVN edged higher to approximately 65.61, although it remains below its median level over the past year. This suggests an anticipated daily price fluctuation of $0.54. The put-call skew has increased, indicating a heightened interest in downside protection as investors look to hedge against potential risks.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Rivian Automotive Inc (RIVN, Financial) is $15.10 with a high estimate of $23.00 and a low estimate of $7.05. The average target implies an upside of 15.28% from the current price of $13.10. More detailed estimate data can be found on the Rivian Automotive Inc (RIVN) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Rivian Automotive Inc's (RIVN, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rivian Automotive Inc (RIVN, Financial) in one year is $30.36, suggesting a upside of 131.76% from the current price of $13.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rivian Automotive Inc (RIVN) Summary page.
