Rivian Automotive (RIVN) Stock Price, News & Analysis

$9.09
+0.30 (+3.41%)
(As of 10:27 AM ET)
Today's Range
$8.69
$9.10
50-Day Range
$8.40
$16.35
52-Week Range
$8.26
$28.06
Volume
8.98 million shs
Average Volume
42.53 million shs
Market Capitalization
$8.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.61

Rivian Automotive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
123.1% Upside
$19.61 Price Target
Short Interest
Bearish
18.33% 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 60 Articles This Week
Insider Trading
Selling Shares
$717,274 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.79) to ($3.08) 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.

3.17 out of 5 stars

Auto/Tires/Trucks Sector

39th out of 77 stocks

Motor Vehicles & Car Bodies Industry

10th out of 25 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

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Buy Rivian Stock Ahead of the Squeeze? Not So Fast
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Rivian Automotive (NASDAQ:RIVN) PT Lowered to $13.00
Could Rivian Become the Next Tesla?
Rivian Automotive (RIVN) Gets a Hold from RBC Capital
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/07/2024
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
$19.61
High Stock Price Target
$44.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+123.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
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
$8.59 billion
Optionable
Optionable
Beta
1.88
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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

Pros

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

  • Rivian Automotive, Inc. is a leading company in the electric vehicle industry, which is a rapidly growing sector with increasing demand for sustainable transportation solutions.
  • The company has received positive reviews for its latest models, the R1T pickup truck and R1S SUV, showcasing innovative design and technology that could attract a strong customer base.
  • Rivian's stock price has shown consistent growth over recent periods, indicating investor confidence and potential for further appreciation.
  • Recent partnerships and collaborations with major companies in the automotive and technology sectors have positioned Rivian for strategic growth and market expansion.
  • The company's focus on sustainability and environmental responsibility aligns with current consumer trends and regulatory changes, providing a competitive edge in the market.

Cons

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

  • As an emerging player in the industry, Rivian faces intense competition from well-established automakers and tech companies entering the electric vehicle market, which could impact its market share and profitability.
  • The company's current valuation may be considered high compared to traditional automakers, raising concerns about potential overvaluation and market correction risks.
  • Rivian's production capacity and supply chain management have faced challenges, leading to delays in vehicle deliveries and potential customer dissatisfaction.
  • Fluctuations in raw material prices, particularly for essential components like batteries, could impact Rivian's production costs and overall profitability.
  • Regulatory uncertainties and changes in government policies related to electric vehicles and environmental regulations may pose risks to Rivian's operations and financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Rivian Automotive pros and cons to contact@marketbeat.com.

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 1 sell rating, 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research 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?

24 brokerages have issued 1 year price targets for Rivian Automotive's shares. Their RIVN share price targets range from $9.00 to $44.00. On average, they expect the company's stock price to reach $19.61 in the next twelve months. This suggests a possible upside of 123.1% 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 at the start of the year. Since then, RIVN stock has decreased by 62.5% and is now trading at $8.79.
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 7th 2024.
View our RIVN earnings forecast
.

How can I listen to Rivian Automotive's earnings call?

Rivian Automotive will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Rivian Automotive's earnings last quarter?

Rivian Automotive, Inc. (NASDAQ:RIVN) posted its quarterly earnings data on Wednesday, February, 21st. The electric vehicle automaker reported ($1.58) EPS for the quarter, topping analysts' consensus estimates of ($1.67) by $0.09. The electric vehicle automaker had revenue of $1.32 billion for the quarter, compared to analyst estimates 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 many different retail and institutional investors. Top institutional investors include Portman Square Capital LLP (0.00%), IMC Chicago LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.16%), Renaissance Capital LLC (0.05%), Raymond James Financial Services Advisors Inc. (0.04%) and IFM Investors Pty Ltd (0.01%). 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 4/23/2024 by MarketBeat.com Staff

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