Previous close | 13.42 |
Open | 13.45 |
Bid | 13.90 x 4500 |
Ask | 13.93 x 9000 |
Day's range | 13.31 - 14.51 |
52-week range | 8.26 - 28.06 |
Volume | |
Avg. volume | 43,756,154 |
Market cap | 13.855B |
Beta (5Y monthly) | 2.01 |
PE ratio (TTM) | N/A |
EPS (TTM) | -5.77 |
Earnings date | 06 Aug 2024 - 12 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 17.93 |
IRVINE, Calif., July 02, 2024--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period.
RBC analyst Tom Narayan raised his price target on the EV stock to $14 from $11. BofA analyst John Murphy issued positive research as well.
While the Volkswagen deal and cost-cutting plans are likely to drive Rivian's (RIVN) long-term growth, potential investors should wait for a better entry point, given near-term challenges.