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Rivian Automotive (RIVN) Stock Price, News & Analysis

$11.49
+0.17 (+1.50%)
(As of 12:04 PM ET)
Today's Range
$11.01
$11.53
50-Day Range
$10.07
$23.73
52-Week Range
$10.05
$28.06
Volume
15.51 million shs
Average Volume
40.43 million shs
Market Capitalization
$11.00 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.73

Rivian Automotive MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
83.8% Upside
$20.73 Price Target
Short Interest
Bearish
16.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.27mentions of Rivian Automotive in the last 14 days
Based on 76 Articles This Week
Insider Trading
Selling Shares
$47,725 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.93) to ($3.39) 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.

2.97 out of 5 stars

Auto/Tires/Trucks Sector

39th out of 82 stocks

Motor Vehicles & Car Bodies Industry

12th 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

Rivian shares gets discounted; shares can move lower
Rivian's NASDAQ: RIVN Q4 release further proves that the EV market bubble has burst. Internal metrics and guidance suggest demand has peaked and current capacity is too much.
Rivian shares gets discounted; shares can move lower 
Rivian had a mixed quarter, with losses mounting and guidance poor. Analysts are lowering the targets and driving the market to new lows.
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2 Reasons You Can Still Buy Rivian Now
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What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
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Why Rivian Stock Dropped Early Today
Rivian Q4: Soon A Single-Digit Stock, What To Do Now?
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Could Rivian Stock Double in 2024?
3 Tech Stocks Bracing for a Deeper Dive
Massive News for Rivian Stock Investors
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
3/01/2024
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
14,122
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.73
High Stock Price Target
$44.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+83.1%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
23 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
$9.54 per share

Miscellaneous

Free Float
935,690,000
Market Cap
$10.84 billion
Optionable
Optionable
Beta
2.07
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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, February 27, 2024 at 3:41 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, catering to the growing demand for sustainable transportation solutions.
  • The company offers innovative five-passenger pickup trucks and other electric vehicle products, positioning itself in a market with increasing interest in electric vehicles.
  • Rivian Automotive, Inc. has a direct-to-customer sales model, allowing for a more personalized customer experience and potentially higher profit margins.
  • The company was founded in 2009 and is based in Irvine, California, showcasing a strong foundation and presence in the electric vehicle industry.
  • Rivian Automotive, Inc. has been making recent developments in its product offerings, staying competitive in the rapidly evolving electric vehicle market.

Cons

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

  • While Rivian Automotive, Inc. has shown promise in the electric vehicle market, investors should consider the current stock price and evaluate its potential for growth.














RIVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Rivian Automotive stock right now?

23 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 12 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?

23 Wall Street research analysts have issued 12-month price targets for Rivian Automotive's shares. Their RIVN share price targets range from $8.00 to $44.00. On average, they anticipate the company's share price to reach $20.73 in the next twelve months. This suggests a possible upside of 83.8% 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 beginning of the year. Since then, RIVN stock has decreased by 51.9% and is now trading at $11.28.
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) issued its earnings results on Tuesday, November, 7th. The electric vehicle automaker reported ($1.44) earnings per share for the quarter, topping the consensus estimate of ($1.61) by $0.17. The electric vehicle automaker had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Rivian Automotive had a negative trailing twelve-month return on equity of 45.97% and a negative net margin of 122.51%. The company's revenue for the quarter was up 149.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.57) EPS.

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 a price of $57.00-$62.00 per share.

Who are Rivian Automotive's major shareholders?

Rivian Automotive's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (10.14%), Vanguard Group Inc. (7.13%), Citadel Advisors LLC (0.00%), Norges Bank (0.58%), Balyasny Asset Management L.P. (0.00%) and Legal & General Group Plc (0.51%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RIVN) was last updated on 3/1/2024 by MarketBeat.com Staff

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