Rivian Automotive Inc (NASDAQ:RIVN) has a beta value of 1.91 and has seen 12.5 million shares traded in the recent trading session. The company, currently valued at $9.04B, closed the recent trade at $9.24 per share which meant it gained $0.2 on the day or 2.27% during that session. The RIVN stock price is -203.68% off its 52-week high price of $28.06 and 10.61% above the 52-week low of $8.26. The 3-month trading volume is 45.32 million shares.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Sporting 2.27% in the green today, the stock has traded in the green over the last five days, when the RIVN stock price touched $9.24 or saw a rise of 1.7%. Year-to-date, Rivian Automotive Inc shares have moved -60.59%, while the 5-day performance has seen it change 5.18%. Over the past 30 days, the shares of Rivian Automotive Inc (NASDAQ:RIVN) have changed -15.57%.
Rivian Automotive Inc (RIVN) estimates and forecasts
Figures show that Rivian Automotive Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -42.83% over the past 6 months, with this year growth rate of 18.85%, compared to 11.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 6.40% and -2.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 8.60%.
18 analysts offering their estimates for the company have set an average revenue estimate of $1.15 billion for the current quarter. 18 have an estimated revenue figure of $956.51 million for the next quarter concluding in Jun 2024. Year-ago sales stood $661 million and $1 billion respectively for this quarter and the next, and analysts expect sales will grow by 74.40% for the current quarter and -4.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -86.59% over the past 5 years.
RIVN Dividends
Rivian Automotive Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
