Rivian Automotive, Inc. (RIVN, Financial) saw its stock price surge by 5.29%, reaching $10.55 per share. The trading volume was 19.55 million shares, with a turnover rate of 1.92% and a price fluctuation of 5.49%.
Recent financial reports reveal Rivian's revenue at $874 million, with a net loss of $1.1 billion. The earnings per share stood at -$1.08, and the gross profit was -$465 million, resulting in a price-to-earnings ratio of -1.88. Among 29 rating agencies, 45% recommend buying, 48% recommend holding, and 7% suggest selling the stock.
The automotive manufacturing sector, where Rivian is positioned, reported an overall increase of 3.12%. Notable stocks in this sector include Faraday Future Intelligent Electric Inc., Vinfast Auto Ltd., and Workhorse Group, Inc., which experienced significant gains. Workhorse Group, Inc., Mullen Automotive, Inc., and Volcon, Inc. showed high turnover rates of 14.62%, 13.52%, and 9.55%, respectively. Stocks with notable price fluctuations included Vinfast Auto Ltd., Faraday Future Intelligent Electric Inc., and Srivaru Holding Limited, with amplitudes of 25.00%, 21.45%, and 21.30%.
Rivian Automotive Inc. specializes in designing, developing, and manufacturing electric vehicles and accessories. In the consumer market, it offers the R1 platform, featuring the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger SUV.
