In last trading session, Rivian Automotive Inc (NASDAQ:RIVN) saw 54.4 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $9.83 trading at $0.62 or 6.73% at ring of the bell on the day assigns it a market valuation of $9.61B. That closing price of RIVN’s stock is at a discount of -185.45% from its 52-week high price of $28.06 and is indicating a premium of 15.97% from its 52-week low price of $8.26. Taking a look at company’s average trading volume volume of 45.44 million if we extend that period to 3-months.
Rivian Automotive Inc (NASDAQ:RIVN) trade information
Upright in the green during last session for gaining 6.73%, in the last five days RIVN remained trading in the green while hitting it’s week-highest on Thursday, 05/02/24 when the stock touched $9.83 price level, adding 2.96% to its value on the day. Rivian Automotive Inc’s shares saw a change of -58.10% in year-to-date performance and have moved 15.38% in past 5-day. Rivian Automotive Inc (NASDAQ:RIVN) showed a performance of -6.74% in past 30-days.
Rivian Automotive Inc (RIVN) estimates and forecasts
Statistics highlight that Rivian Automotive Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -39.40% of value to its shares in past 6 months, showing an annual growth rate of 18.85% while that of industry is 11.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.70% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.16B for the same. And 18 analysts are in estimates of company making revenue of 956.54M in the next quarter. Company posted 661M and 1B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -86.59% during past 5 years.
RIVN Dividends
Rivian Automotive Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
