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Rivian Automotive Stock Price, News & Analysis (NASDAQ:RIVN)

$17.41
-0.33 (-1.86%)
(As of 12/5/2023 ET)
Compare
Today's Range
$17.29
$18.02
50-Day Range
$15.33
$24.28
52-Week Range
$11.68
$29.54
Volume
23.80 million shs
Average Volume
37.02 million shs
Market Capitalization
$16.67 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.75

Rivian Automotive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
65.1% Upside
$28.75 Price Target
Short Interest
Healthy
15.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.62mentions of Rivian Automotive in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$134,910 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.94) to ($4.77) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Auto/Tires/Trucks Sector

19th out of 75 stocks

Motor Vehicles & Car Bodies Industry

6th out of 28 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

Power Play: GE's game-changing technology for EVs and grids (RIVN)
GE Vernova, spinning off in '24, advances lithium-battery tech for EVs & power grids. It's formed partnerships for storage solutions, including EV-to-grid tech.
2023's most anticipated IPOs weren't always the big winners (RIVN)
146 U.S. companies went public in 2023, down 16.09% from last year. Despite market ups and downs, the Renaissance index of IPOs is outperforming the S&P 500
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
MarketBeat Week in Review – 11/6 - 11/10 (RIVN)
Stocks closed the week with a strong rally, but the rally may reverse when investors get the latest information about inflation and retail stocks next week
Lucid investors seek clarity; downtrend intact, new lows ahead (RIVN)
Lucid Group had a tough quarter and faces challenges not seen by Rivian; Analysts are lowering their targets and helping to keep this stock trending lower.
Rivian over-delivered and electrified the market; shares surge
Rivian Automotive delivered better-than-expected results and raised guidance while also announcing an end to its exclusivity contract with Amazon for EV vans.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
What 9 Analyst Ratings Have To Say About Rivian Automotive
Fisker Is Lower on a Downgrade. It’s an EV-Stock Theme.
2 Stocks With Jaw-Dropping Growth Potential to Buy Now
Why Repairing Your EV Is So Expensive
9 Reasons Rivian Stock Is a Buy Now
3 Overlooked Auto Winners in a Rapidly Evolving Industry
More Good News for Rivian Investors
Why Rivian Stock Moved Higher Today
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:RIVN
Fax
N/A
Employees
14,122
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.75
High Stock Price Target
$44.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+65.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$-6,752,000,000.00
Net Margins
-148.97%
Pretax Margin
-148.94%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Book Value
$14.98 per share

Miscellaneous

Free Float
935,690,000
Market Cap
$16.67 billion
Optionable
Not Optionable
Beta
1.93
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Key Executives

  • Mr. Robert Joseph Scaringe Ph.D. (Age 39)
    Founder, CEO & Chairman of the Board
    Comp: $1.01M
  • Ms. Claire McDonoughMs. Claire McDonough (Age 41)
    Chief Financial Officer
    Comp: $580.63k
  • Mr. Frank Klein
    Chief Operations Officer
  • Mr. Jeffrey R. Baker (Age 54)
    Chief Accounting Officer
  • Ms. Diane Lye
    Chief Information Officer
  • Mr. Timothy Francis Bei C.F.A. (Age 50)
    Vice President of Investor Relations
  • Mr. Michael J. Callahan (Age 54)
    Chief Legal Officer & Secretary
  • Ms. Helen Russell (Age 55)
    Chief People Officer
  • Mr. Nick Kalayjian
    Chief Product Development Officer
  • Mr. Jeff Hammoud
    Chief Design 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 Sunday, December 3, 2023 at 4:20 PM.

Pros

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

  • Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories.
  • The company offers five-passenger pickup trucks and sport utility vehicles.
  • Rivian Automotive, Inc. has a strong focus on sustainability and is committed to reducing carbon emissions.
  • The company has experienced significant growth in recent years and has a promising future in the electric vehicle market.
  • Rivian Automotive, Inc. has a direct-to-consumer business model, allowing for higher profit margins.

Cons

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

  • The stock price of Rivian Automotive, Inc. is subject to market fluctuations and may be volatile.














RIVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Rivian Automotive stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last twelve months. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RIVN shares.
View RIVN analyst ratings
or view top-rated stocks.

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

20 analysts have issued 1-year price targets for Rivian Automotive's stock. Their RIVN share price targets range from $15.00 to $44.00. On average, they predict the company's stock price to reach $28.75 in the next twelve months. This suggests a possible upside of 65.1% 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 2023?

Rivian Automotive's stock was trading at $18.43 at the beginning of the year. Since then, RIVN stock has decreased by 5.5% and is now trading at $17.41.
View the best growth stocks for 2023 here
.

When is Rivian Automotive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our RIVN earnings forecast
.

How were Rivian Automotive's earnings last quarter?

Rivian Automotive, Inc. (NASDAQ:RIVN) announced its quarterly earnings data on Tuesday, November, 7th. The electric vehicle automaker reported ($1.44) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.61) by $0.17. The electric vehicle automaker earned $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Rivian Automotive had a negative net margin of 148.97% and a negative trailing twelve-month return on equity of 42.17%. The business's quarterly revenue was up 149.4% compared to the same quarter last year. During the same quarter last year, the company posted ($1.57) EPS.

What guidance has Rivian Automotive issued on next quarter's earnings?

Rivian Automotive updated its third quarter 2023 earnings guidance on Wednesday, October, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.29 billion-$1.33 billion, compared to the consensus revenue estimate of $1.30 billion.

When did Rivian Automotive IPO?

(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 many different retail and institutional investors. Top institutional investors include FMR LLC (3.78%), Morgan Stanley (1.02%), Mirae Asset Global Investments Co. Ltd. (0.82%), Northern Trust Corp (0.45%), Legal & General Group Plc (0.42%) and Wellington Management Group LLP (0.38%). Insiders that own company stock include Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:RIVN) was last updated on 12/6/2023 by MarketBeat.com Staff

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