Rivian Automotive, Inc. (RIVN, Financial) experienced a significant stock movement with a 5% increase in its share price. The stock is currently trading at $11.12 per share, with a trading volume of 30.61 million shares and a turnover rate of 3.00%. The stock's price fluctuation amplitude stands at 8.22%.
Recent financial results reveal Rivian's revenue at $874 million, with a net loss of $1.1 billion. The earnings per share are reported at -$1.08, and the gross profit amounts to -$465 million, resulting in a price-to-earnings ratio of -1.98.
In terms of analyst ratings, 45% of the 29 institutions covering the stock recommend buying, while 48% suggest holding, and 7% advise selling.
Within the automotive manufacturing sector, where Rivian operates, there is an overall growth of 5.61%. Notable stock movements in this sector include Nwtn Inc C/Wts, Workhorse Group, Inc., and 文远知行, with Workhorse Group, Inc. exhibiting a high turnover rate of 25.08%. Significant price fluctuations have been observed in stocks such as Faraday Future Intelligent Elec Inc C/Wts and Nwtn Inc C/Wts, with amplitude of 49.74% and 41.79% respectively.
Rivian Automotive Inc designs, develops, and manufactures electric vehicles and related accessories. Its R1 platform includes the R1T, a two-row, five-seater pickup truck, and the R1S, a three-row, seven-seater SUV.
