Shares of Consumer Discretionary sector company Rivian Automotive moved -2.8% today, and are now trading at a price of $15.56. The large-cap stock's daily volume was 23,850,426 compared to its average volume of 35,592,568. The S&P 500 index returned a 1.0% performance.
Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company is based in Irvine and has 14,122 full time employees. Its market capitalization is $14,757,736,448.
24 analysts are following Rivian Automotive and have set target prices ranging from $15.0 to $44.0 per share. On average, they have given the company a rating of buy. At today's prices, RIVN is trading -44.75% away from its average analyst target price of $28.17 per share.
Over the last year, RIVN shares have gone down by -55.0%, which represents a difference of -64.0% when compared to the S&P 500. The stock's 52 week high is $36.45 per share and its 52 week low is $11.68. Rivian Automotive has averaged free cash flows of $-5887666666.7 over the last 3 years, with a mean growth rate of -15.6%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | -5,696,000 | 1,130,000 | -6,826,000 | -6.31 |
| 2022 | -5,052,000 | 1,369,000 | -6,421,000 | -45.4 |
| 2021 | -2,622,000 | 1,794,000 | -4,416,000 |
