With 32.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 40.71 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $12.12 whereas the lowest price it dropped to was $11.73. The 52-week range on RIVN shows that it touched its highest point at $24.87 and its lowest point at $8.26 during that stretch. It currently has a 1-year price target of $17.75. Beta for the stock currently stands at 2.06.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RIVN was down-trending over the past week, with a drop of -9.62%, but this was down by -15.19% over a month. Three-month performance dropped to -1.00% while six-month performance rose 11.17%. The stock lost -42.50% in the past year, while it has lost -49.53% so far this year. A look at the trailing 12-month EPS for RIVN yields -5.95 with Next year EPS estimates of -2.86. For the next quarter, that number is -0.93. This implies an EPS growth rate of 15.32% for this year and 30.73% for next year. EPS is expected to grow by 0.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -86.59%.
Float and Shares Shorts:
At present, 960.00 million RIVN shares are outstanding with a float of 730.44 million shares on hand for trading. On 2024-08-30, short shares totaled 115.28 million, which was 1143.00005 higher than short shares on 1722384000. In addition to Mr. Robert Joseph Scaringe Ph.D. as the firm’s Founder, CEO & Chairman of the Board, Ms. Claire McDonough serves as its CFO & Chief Accounting Officer.
Institutional Ownership:
Through their ownership of 0.4907 of RIVN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, RIVN reported revenue of $1158000000.0 and operating income of $-1375000000.0. The EBITDA in the recently reported quarter was $-1107000000.0 and diluted EPS was $-1.46.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RIVN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
