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Over the next 12 months, the 19 analysts following the stock and offering year-out price targets have a wide range of opinions on the company. Forecasts range from a low of $27 to a high of $83 ...
Continued cash burn. Rivian's Q2 revenue edged up 3% year over year to $1.16 billion as the company delivered 13,790 vehicles in the quarter, a 9% increase from a year ago. It produced 9,612 ...
With bad profit margins, Rivian is currently burning a lot of cash. Over the last 12 months, the company has burned $5 billion in cash flow. With less than $10 billion in cash on the balance sheet ...
At the beginning of May 2022 the stock price fell further, closing at an all-time low of $22.78 on May 9, 2022, the decline from the peak in November 2021 being nearly 85 percent. [151] Rivian's stock price recovered significantly through the first half of 2023, reaching a period high of $28.06 on July 27, 2023.
Rivian stock fell more than 27% in midday trading on Thursday. For the quarter, Rivian reported top-line revenue of $1.32 billion vs. estimates for $1.25 billion, with an adjusted loss per share ...
Up-and-coming electric vehicle company Rivian Automotive (NASDAQ: RIVN) went public in 2021 and has steadily fallen 90% from its peak due to concerns about its long-term financial viability.
Rivian (NASDAQ:RIVN) debuted on the public markets last year, rising to as high as $179 from its initial public offering (IPO) price of $78. However, 2022 hasn’t been as friendly to RIVN stock ...
So far, 2022 continues to be a difficult year for Rivian (NASDAQ:RIVN). The electric vehicle (EV) producer recently hit an all-time low of $67.40, with prices currently hovering slightly above ...