Categories Automotive

Rivian Automotive (RIVN) Shares Decline Despite Market Upturn: Here’s the Reason

Rivian Automotive (RIVN) Stock Overview

  • Latest Close: $14.99
  • Daily Change: -2.66% (behind S&P 500’s gain of 0.17%)
  • Sector Performance:
    • Dow: -0.18%
    • Nasdaq: +0.4%

Monthly Performance

  • Stock Change: -3.81%
  • Auto-Tires-Trucks Sector: +2.96%
  • S&P 500: -1.29%

Upcoming Earnings Report

  • Analyst Earnings Estimate: -$0.67 per share (up 4.29% YoY)
  • Revenue Prediction: $1.94 billion (up 24.45% YoY)

Full-Year Estimates

  • Earnings: -$2.27 per share (up 7.35% YoY)
  • Revenue: $7.29 billion (up 35.31% YoY)

Analyst Estimates and Confidence

  • Changes in estimates reflect shifts in analyst confidence.
  • The Zacks Rank Model relies on these estimates for investment ratings, with #1 (Strong Buy) stocks historically performing well.

Current Zacks Rank

  • Rivian Automotive Rank: #3 (Hold)
  • Industry Rank: 47 (top 20% of 250+ industries)

Importance of Zacks Industry Rank

  • The ranking indicates industry strength, affecting stock performance. Top-rated industries outperform lower-rated ones significantly.

Tracking Metrics

  • For ongoing analysis of Rivian and similar stocks, visit Zacks.com for insights and metrics.

Leave a Reply

您的邮箱地址不会被公开。 必填项已用 * 标注

You May Also Like