Rivian Automotive (NASDAQ:RIVN – Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($1.39) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The electric vehicle automaker reported ($1.41) EPS for the quarter, missing the consensus estimate of ($1.38) by ($0.03). Rivian Automotive had a negative return on equity of 53.55% and a negative net margin of 111.09%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, analysts expect Rivian Automotive to post $-5 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Rivian Automotive Price Performance
Shares of NASDAQ RIVN opened at $14.72 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.71 and a quick ratio of 3.55. The company has a market cap of $14.65 billion, a PE ratio of -2.55 and a beta of 2.09. The stock has a fifty day moving average price of $13.82 and a 200 day moving average price of $12.54. Rivian Automotive has a 1-year low of $8.26 and a 1-year high of $27.01.
Insider Buying and Selling at Rivian Automotive
Analyst Ratings Changes
Several analysts have recently weighed in on RIVN shares. Guggenheim initiated coverage on shares of Rivian Automotive in a report on Tuesday, June 25th. They issued a “buy” rating and a $18.00 target price on the stock. Canaccord Genuity Group lifted their price objective on Rivian Automotive from $20.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 1st. Piper Sandler reissued an “overweight” rating and set a $21.00 target price on shares of Rivian Automotive in a research note on Wednesday, June 26th. Morgan Stanley lifted their price target on Rivian Automotive from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, DA Davidson upped their price objective on Rivian Automotive from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.92.
Check Out Our Latest Stock Analysis on RIVN
Rivian Automotive Company Profile
Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.
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