During the last session, Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares were 21.89 million, with the beta value of the company hitting 1.93. At the end of the trading day, the stock’s price was $8.52, reflecting an intraday loss of -3.62% or -$0.32. The 52-week high for the RIVN share is $28.06, that puts it down -229.34 from that peak though still a striking 3.05% gain since the share price plummeted to a 52-week low of $8.26. The company’s market capitalization is $8.33B, and the average trade volume was 45.28 million shares over the past three months.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Rivian Automotive Inc (RIVN) registered a -3.62% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.62% in intraday trading to $8.52, hitting a weekly high. The stock’s 5-day price performance is -3.51%, and it has moved by -19.01% in 30 days. Based on these gigs, the overall price performance for the year is -29.00%.
Rivian Automotive Inc (RIVN) estimates and forecasts
Statistics show that Rivian Automotive Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rivian Automotive Inc (RIVN) shares have gone down -51.12% during the last six months, with a year-to-date growth rate more than the industry average at 18.85% against 11.00. In the rating firms’ projections, revenue will increase 9.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.16B as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to 964.08M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 661M and 1B respectively. In this case, analysts expect current quarter sales to grow by 75.50% and then drop by -3.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -86.59%. While earnings are projected to return 14.09% in 2024.
RIVN Dividends
Rivian Automotive Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
