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Rivian Automotive (RIVN) Stock Price, News & Analysis

$11.32
+0.33 (+3.00%)
(As of 11:46 AM ET)
Today's Range
$10.88
$11.45
50-Day Range
$10.07
$16.68
52-Week Range
$10.05
$28.06
Volume
20.45 million shs
Average Volume
42.98 million shs
Market Capitalization
$11.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.26

Rivian Automotive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
80.1% Upside
$20.26 Price Target
Short Interest
Healthy
17.36% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Rivian Automotive in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$717,274 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.79) to ($3.05) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Auto/Tires/Trucks Sector

33rd out of 82 stocks

Motor Vehicles & Car Bodies Industry

9th out of 27 stocks

RIVN stock logo

About Rivian Automotive Stock (NASDAQ:RIVN)

Rivian Automotive, Inc. is an OEM EV manufacturer focused on pickup trucks and SUVs. The company was founded in 2009 and is based in San Jose, California. Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. Rivian Automotive went public in 2021.

The company designs, develops, manufactures, and sells electric adventure vehicles and accessories through direct sales to consumers and commercial markets. The company vehicles are designed for sustainability and long lifespans across all components with repairability and reusability key to the end result. That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed into stationary power packs when their EV lifespan is spent.

The company offers five-passenger pickup trucks and sports utility vehicles under the R1T and R1S labels. The R1T is a highly configurable pickup while the R1S is an off-road capable SUV. The R1T is hailed as the world’s first EV adventure vehicle, it began production in early 2021 and the first deliveries were made later that same year. By mid-2022 the company had delivered more than 8,000 vehicles with production ramping quickly.

The R1T comes with 8 different drive modes geared for offroading, city adventures, and everything in between. Among the choices is the “Drift” mode which proactively distributes power to offset traction control and increase the “fun” factor. The vehicle comes with a 240 to 400-mile range depending on the battery and motor combination and individual driving styles. In regard to its capabilities, the truck can go from 0 to 60 in 3 seconds, tow up to 11,000 pounds, and wade through 3 feet of water with no problems.

The Rivian R1S began production in 2022 and began deliveries later that year. The R1S comes with a 260 to 320-mile range and can also wade through 3 feet of water. The R1S also boasts the ability to rock crawl up a 100% incline or 45-degree slope.

Rivian is also developing a final-mile delivery van solution in collaboration with Amazon.com The Fleet Ecosystem begins with the FleetOS which is the company’s propriety operating system. The OS allows for end-to-end unification of telematics, charging, and maintenance. The Fleet system also includes charging and powering solutions to ensure maxim efficiency and uptime. The partnership with Amazon included an initial 100,000-vehicle preorder that equates to years of production for this product line alone.

Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations. The charging stations can add up to 120 miles of range to a battery pack in just 20 minutes. The company is planning to launch at least 2500 stations nationwide.

RIVN Stock Price History

RIVN Stock News Headlines

Does Reddit's Successful Public Debut Mean Tech IPOs are Back? (RIVN)
Reddit's strong IPO performance saw the stock surge 48% above its pricing. Reddit raised $750 million and may have signaled that the tech IPO drought is ending
EV Stocks Stall, What About NIO? (RIVN)
Electric vehicle (EV) makers have been seeing their stocks get demolished in the Auto/Tires/Trucks sector. As the hype has retreated and reality set in.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Here's the One Chinese EV Stock Worth Buying and Holding
Chinese new energy vehicle (NEV) maker Li Auto Inc. NASDAQ: LI started the electric vehicle (EV) race with competitors Nio Inc. NYSE: NIO and Xpeng Inc. NYSE: XPEV on relatively even footing in the Auto/Tires/Trucks sector in 2020. As EV speculation hit the stock market, Xpeng and Li Auto reached all-time highs of $74.49 and $47.70, respectively, in November 2020.
Here’s the One Chinese EV Stock Worth Buying and Holding (RIVN)
Li Auto is starting to separate itself from other Chinese EV makers; at a difficult time to buy Chinese stocks, LI stock stands out
Rivian: After A Crash From $179 To $10, I'm Buying
The 3 Best EV Stocks to Buy in Q2 2024
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
Rivian Automotive (NASDAQ:RIVN) Shares Down 3.5%
Is It Time to Give Up on Rivian?
Where Will Rivian Stock Be in 1 Year?
Could Rivian Become the Next Tesla?
Smart Money Is Betting Big In RIVN Options
The 5 Biggest Buyers of Rivian (RIVN) Stock
RIVN Mar 2024 3.500 call
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:RIVN
Fax
N/A
Employees
16,790
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.26
High Stock Price Target
$44.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+84.4%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
24 Analysts

Profitability

Net Income
$-5,432,000,000.00
Net Margins
-122.51%
Pretax Margin
-122.49%

Debt

Sales & Book Value

Annual Sales
$4.43 billion
Book Value
$9.44 per share

Miscellaneous

Free Float
954,969,000
Market Cap
$10.74 billion
Optionable
Optionable
Beta
1.89
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Key Executives

  • Mr. Robert Joseph Scaringe Ph.D. (Age 40)
    Founder, CEO & Chairman of the Board
    Comp: $1.01M
  • Ms. Claire  McDonoughMs. Claire McDonough (Age 42)
    Chief Financial Officer
    Comp: $580.63k
  • Mr. Frank Klein
    Chief Operations Officer
  • Mr. Jeffrey R. Baker (Age 55)
    Chief Accounting Officer
  • Mr. Timothy Francis Bei C.F.A. (Age 51)
    Vice President of Investor Relations
  • Mr. Michael J. Callahan (Age 55)
    Chief Legal Officer & Secretary
  • Ms. Helen Russell (Age 56)
    Chief People Officer
  • Mr. Jeff Hammoud
    Chief Design Officer
  • Mr. Jimmy Knauf
    Executive Vice President of Facilities
  • Ms. Anisa Kamadoli Costa
    Chief Sustainability Officer

Should I Buy Rivian Automotive Stock? RIVN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Rivian Automotive was last updated on Tuesday, March 26, 2024 at 11:03 PM.

Pros

Here are some ways that investors could benefit from investing in Rivian Automotive, Inc.:

  • Rivian Automotive, Inc. has recently announced a significant increase in vehicle production capacity, which could lead to higher revenue and market share.
  • The company's innovative electric vehicles, such as the R1T pickup truck and R1S SUV, have received positive reviews for their performance and design, potentially attracting more customers.
  • Rivian's partnership with major retailers for electric delivery vans could open up new revenue streams and enhance the company's position in the commercial vehicle market.
  • Recent reports suggest that Rivian Automotive, Inc. is actively expanding its charging infrastructure network, addressing a key concern for electric vehicle adoption and potentially increasing customer convenience.
  • Investors may find Rivian's stock price appealing, considering the company's growth prospects and the increasing demand for electric vehicles in the market.

Cons

Investors should be bearish about investing in Rivian Automotive, Inc. for these reasons:

  • Rivian Automotive, Inc. faces intense competition in the electric vehicle market from well-established automakers, which could impact the company's market share and profitability.
  • The company's current valuation may be considered high by some investors, raising concerns about potential overvaluation and the sustainability of stock price levels.
  • There have been reports of production delays and supply chain challenges at Rivian, which could affect the company's ability to meet customer demand and generate revenue as planned.
  • Investing in a relatively young company like Rivian Automotive, Inc. carries inherent risks associated with uncertainties in future performance, market dynamics, and regulatory changes.
  • Fluctuations in raw material prices, particularly for key components used in electric vehicles, could impact Rivian's production costs and overall profitability, affecting investor returns.

RIVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Rivian Automotive stock right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last year. There are currently 2 sell ratings, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RIVN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RIVN, but not buy additional shares or sell existing shares.
View RIVN analyst ratings
or view top-rated stocks.

What is Rivian Automotive's stock price target for 2024?

24 brokers have issued 1-year price targets for Rivian Automotive's stock. Their RIVN share price targets range from $8.00 to $44.00. On average, they expect the company's stock price to reach $20.26 in the next twelve months. This suggests a possible upside of 80.1% from the stock's current price.
View analysts price targets for RIVN
or view top-rated stocks among Wall Street analysts.

How have RIVN shares performed in 2024?

Rivian Automotive's stock was trading at $23.46 on January 1st, 2024. Since then, RIVN shares have decreased by 52.0% and is now trading at $11.25.
View the best growth stocks for 2024 here
.

When is Rivian Automotive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our RIVN earnings forecast
.

How were Rivian Automotive's earnings last quarter?

Rivian Automotive, Inc. (NASDAQ:RIVN) announced its earnings results on Wednesday, February, 21st. The electric vehicle automaker reported ($1.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.67) by $0.09. The electric vehicle automaker had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. Rivian Automotive had a negative net margin of 122.51% and a negative trailing twelve-month return on equity of 45.97%.

When did Rivian Automotive IPO?

Rivian Automotive (RIVN) raised $9.1 billion in an initial public offering (IPO) on Wednesday, November 10th 2021. The company issued 153,000,000 shares at $57.00-$62.00 per share.

Who are Rivian Automotive's major shareholders?

Rivian Automotive's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.14%), Vanguard Group Inc. (6.99%), Vanguard Group Inc. (7.13%), Citadel Advisors LLC (0.00%), Norges Bank (0.58%) and Balyasny Asset Management L.P. (0.00%). Insiders that own company stock include Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl, Kjell Gruner, Motor Co Ford, Robert J Scaringe and Rose M Marcario.
View institutional ownership trends
.

How do I buy shares of Rivian Automotive?

Shares of RIVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RIVN) was last updated on 3/28/2024 by MarketBeat.com Staff

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