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NASDAQ:RIVN

Rivian Automotive - RIVN Stock Forecast, Price & News

27.63
-0.95 (-3.32%)
(As of 12/9/2022 02:34 PM ET)
Add
Compare
Today's Range
27.38
29.27
50-Day Range
27.89
36.76
52-Week Range
19.25
121.64
Volume
336,432 shs
Average Volume
17.79 million shs
Market Capitalization
$25.45 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
52.57

Rivian Automotive MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
90.5% Upside
52.57 Price Target
Short Interest
Bearish
8.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Rivian Automotive in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$555,154 Sold Last Quarter
Proj. Earnings Growth
Growing
From -7.46 to -4.94 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Auto/Tires/Trucks Sector

35th out of 102 stocks

Motor Vehicles & Car Bodies Industry

11th out of 32 stocks

RIVN stock logo

About Rivian Automotive (NASDAQ:RIVN) Stock

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.

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RIVN Stock News Headlines

Is Tesla A Bargain Now As It Trades At Two-Year Lows? (RIVN)
Tesla is now trading at October 2020 levels after opening sharply lower Monday. Is it a bargain, or does it still have further to fall before reversing higher?
Three Penny Stocks Making Big Moves In November (RIVN)
Penny stocks are cheap, but risky because they can shift quickly and in big ways. Here are two penny stocks making moves up and one heading down.
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
EV Maker Lucid Falls On Declining Orders, Rivian Up On Guidance (RIVN)
Revenue grew and losses narrowed, but electric vehicle maker Lucid Group gapped down Wednesday. Meanwhile, electric truck maker Rivian was up after hours.
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Rivian Automotive: A Christmas Gift
Evercore ISI Begins Coverage on Rivian Automotive (NASDAQ:RIVN)
What's Going On With Rivian Stock?
Expert Ratings for Rivian Automotive
Rivian, Lucid, Fisker set to become ‘major players’
Billionaire George Soros Punishes Rivian
Better Buy: Tesla vs. Rivian
Why Rivian Shares Dropped Below $30 Friday
Rivian Automotive, Inc. (NASDAQ: RIVN)
See More Headlines
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RIVN Company Calendar

Last Earnings
11/09/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/09/2023

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:RIVN
Fax
N/A
Employees
10,422
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
52.57
High Stock Price Forecast
147.00
Low Stock Price Forecast
23.00
Forecasted Upside/Downside
+90.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
22 Analysts

Profitability

Net Income
$-4,688,000,000.00
Net Margins
-714.01%
Pretax Margin
-713.63%

Debt

Sales & Book Value

Annual Sales
$55 million
Book Value
21.68 per share

Miscellaneous

Free Float
899,406,000
Market Cap
$25.45 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Robert Joseph Scaringe Ph.D. (Age 38)
    Founder, CEO & Chairman
    Comp: $1.3M
  • Ms. Claire  McDonoughMs. Claire McDonough (Age 41)
    Chief Financial Officer
  • Mr. Frank Klein
    Chief Operations Officer
  • Mr. Jeffrey R. Baker (Age 53)
    Chief Accounting Officer
  • Ms. Diane Lye
    Chief Information Officer
  • Mr. Timothy Francis Bei C.F.A. (Age 49)
    CFA, VP of Investor Relations
  • Mr. Nick Mulholland
    VP of Global Communications
  • Ms. Helen Russell (Age 54)
    Chief People Officer
  • Mr. Nick Kalayjian
    Exec. VP of Engineering, Product Devel. & Programs
  • Mr. Jeff Hammoud
    Head of Design













RIVN Stock - Frequently Asked Questions

Should I buy or sell Rivian Automotive stock right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rivian Automotive in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RIVN shares.
View RIVN analyst ratings
or view top-rated stocks.

What is Rivian Automotive's stock price forecast for 2023?

22 Wall Street research analysts have issued 1-year price targets for Rivian Automotive's shares. Their RIVN share price forecasts range from 23.00 to 147.00. On average, they predict the company's share price to reach 52.57 in the next twelve months. This suggests a possible upside of 84.9% 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 2022?

Rivian Automotive's stock was trading at 103.69 on January 1st, 2022. Since then, RIVN shares have decreased by 72.6% and is now trading at 28.43.
View the best growth stocks for 2022 here
.

When is Rivian Automotive's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our RIVN earnings forecast
.

How were Rivian Automotive's earnings last quarter?

Rivian Automotive, Inc. (NASDAQ:RIVN) released its earnings results on Wednesday, November, 9th. The electric vehicle automaker reported ($1.57) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.78) by $0.21. The electric vehicle automaker earned $536 million during the quarter, compared to analyst estimates of $513.89 million. Rivian Automotive had a negative trailing twelve-month return on equity of 32.42% and a negative net margin of 714.01%.

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.

What is Rivian Automotive's stock symbol?

Rivian Automotive trades on the NASDAQ under the ticker symbol "RIVN."

Who are Rivian Automotive's major shareholders?

Rivian Automotive's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (15.35%), BlackRock Inc. (5.08%), Vanguard Group Inc. (3.96%), Coatue Management LLC (2.14%), State Street Corp (0.99%) and Citadel Advisors LLC (0.00%). 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.

What is Rivian Automotive's stock price today?

One share of RIVN stock can currently be purchased for approximately 28.43.

How much money does Rivian Automotive make?

Rivian Automotive (NASDAQ:RIVN) has a market capitalization of $26.18 billion and generates $55 million in revenue each year. The electric vehicle automaker earns $-4,688,000,000.00 in net income (profit) each year or -10.37 on an earnings per share basis.

How many employees does Rivian Automotive have?

The company employs 10,422 workers across the globe.

How can I contact Rivian Automotive?

The official website for the company is www.rivian.com. The electric vehicle automaker can be reached via phone at 888-748-4261 or via email at ir@rivian.com.

This page (NASDAQ:RIVN) was last updated on 12/9/2022 by MarketBeat.com Staff