Rivian Automotive Inc (NASDAQ:RIVN) currently has a daily average trading volume of 28.81M but it saw 20699784 shares traded in last market. With a market cap of 10.24B USD, the company’s current market price of $10.16 came falling about -3.15 while comparing to the previous closing price of $10.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.61 and as low as $8.26. In the recent trading on the day, stock has struck highest price mark of $10.01 while lowest mark touched by it was $10.58.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Morgan Stanley which downgraded the stock as “Equal-Weight” in its note to investors issued on September 25, 2024, recommending a price target of between $16 and $13 for it.
Over the week, RIVN’s stock price is moving -0.78% down while it is -14.19% when we observe its performance for the past one month. Year-to-date it is -56.69% down and over the past year, the stock is showing a downside performance of -40.48%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.19 beat the consensus estimate of -1.32 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-07, for which analysts forecasted an EPS of -0.91 while estimate for next year EPS is -3.91. In next quarter, company is expected to be making quarterly sales of $1.29B as analysts are expecting the sales for current fiscal year at $4.7B and seeing the company making $5.72B in sales next year. Moreover, analysts are in estimates of $1.03B for current-quarter revenue.
Currently, Rivian Automotive Inc’s total number of outstanding shares is 960.00M with 26.94% of that held by the insiders while 49.51% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -45.62% and return on equity (ROE) at -62.50%. Stock’s beta reads 2.04. Stock has a price to book (P/B) ratio of 1.50 while price to sale or P/S ratio amounts to 2.04. Its return on asset (ROA) is -35.55% on average.
