|Bid||13.37 x 3000|
|Ask||13.39 x 3100|
|Day's range||13.21 - 13.84|
|52-week range||12.58 - 56.76|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||28 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||31.75|
Yahoo Finance’s Pras Subramanian joins the Live show to discuss reports that Rivian will move staff to Illinois in an effort to boost production.
The automaker went public in November 2021 and saw its share price rocket out of the gate to deliver one of the most successful initial public offerings of the last decade, but lately it's the bears that have been feasting. With the company's share price trading down approximately 92% from the lifetime high that it reached shortly after its IPO, does the stock offer a sufficiently attractive risk-reward profile at current prices? Read on to see why two Fool.com contributors come down on opposite sides of the heated bull versus bear debate surrounding Rivian stock.
When Rivian Automotive (NASDAQ: RIVN) went public in November 2021, it revealed that Amazon (NASDAQ: AMZN) was its largest stakeholder. At the end of 2022, Amazon still owned 17% of Rivian's Class A shares. As a result, Amazon posted an overall net loss of $2.7 billion in 2022, compared to a net profit of $33.4 billion in 2021.