Rivian Automotive (NASDAQ:RIVN - Get Free Report) will announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.89) per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The electric vehicle automaker reported ($1.39) EPS for the quarter, missing the consensus estimate of ($1.25) by ($0.14). Rivian Automotive had a negative net margin of 115.50% and a negative return on equity of 65.40%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.17 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 Stock Performance
Rivian Automotive stock traded down $0.29 during trading on Thursday, hitting $10.10. The stock had a trading volume of 25,640,488 shares, compared to its average volume of 38,890,461. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of -1.69 and a beta of 2.03. The stock's 50 day moving average is $11.88 and its two-hundred day moving average is $12.27. Rivian Automotive has a 1 year low of $8.26 and a 1 year high of $24.61. The company has a quick ratio of 4.01, a current ratio of 5.25 and a debt-to-equity ratio of 0.81.
Insider Activity at Rivian Automotive
In related news, CEO Robert J. Scaringe sold 83,333 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $13.68, for a total value of $1,139,995.44. Following the transaction, the chief executive officer now owns 886,526 shares of the company's stock, valued at $12,127,675.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert J. Scaringe sold 83,333 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $13.68, for a total transaction of $1,139,995.44. Following the transaction, the chief executive officer now directly owns 886,526 shares of the company's stock, valued at approximately $12,127,675.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Claire Mcdonough sold 3,210 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.57, for a total value of $43,559.70. Following the transaction, the chief financial officer now directly owns 392,662 shares in the company, valued at $5,328,423.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,876 shares of company stock valued at $2,153,551 over the last 90 days. 2.51% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Wedbush restated an "outperform" rating and set a $20.00 target price on shares of Rivian Automotive in a research report on Wednesday, August 7th. Barclays dropped their target price on Rivian Automotive from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. UBS Group dropped their target price on Rivian Automotive from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Truist Financial dropped their target price on Rivian Automotive from $16.00 to $12.00 and set a "hold" rating on the stock in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $14.00 target price on shares of Rivian Automotive in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.09.
Get Our Latest Stock Report on Rivian Automotive
About Rivian Automotive
(
Get Free Report)
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.
Featured Articles
Before you consider Rivian Automotive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rivian Automotive wasn't on the list.
While Rivian Automotive currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
