During The Past Six Months, Rivian Automotive Inc (NASDAQ: RIVN) Shares Took An -40.98% Jump. Here Is What We Should Expect

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, Rivian Automotive Inc (NASDAQ:RIVN)’s traded shares were 27.85 million, with the beta value of the company hitting 2.12. , the stock’s price was $14.01, reflecting an intraday loss of -3.21% or -$0.46. The 52-week high for the RIVN share is $28.06, that puts it down -100.29 from that peak though still a striking 41.04% gain since the share price plummeted to a 52-week low of $8.26. The company’s market capitalization is $13.94B, and the average trade volume was 42.25 million shares over the past three months.

Rivian Automotive Inc (NASDAQ:RIVN) trade information

Rivian Automotive Inc (RIVN) registered a -3.21% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.21% in intraday trading to $14.01, hitting a weekly high. The stock’s 5-day price performance is 35.71%, and it has moved by 37.04% in 30 days. Based on these gigs, the overall price performance for the year is -4.34%.

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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 -40.98% during the last six months, with a year-to-date growth rate more than the industry average at 17.42% against 7.70. In the rating firms’ projections, revenue will increase 6.90% 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 916.23M as predicted by 21 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to 1.23B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1B and 1.33B respectively. In this case, analysts expect current quarter sales to shrink by -8.40% and then drop by -7.50% 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 13.06% in 2024.

RIVN Dividends

Rivian Automotive Inc is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.