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Rivian Automotive (RIVN) Stock Price, News & Analysis

$16.21
-0.04 (-0.25%)
(As of 07/26/2024 ET)
Today's Range
$16.14
$16.90
50-Day Range
$9.95
$18.11
52-Week Range
$8.26
$28.06
Volume
21.50 million shs
Average Volume
43.82 million shs
Market Capitalization
$16.13 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.79

Rivian Automotive MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
22.1% Upside
$19.79 Price Target
Short Interest
Healthy
17.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of Rivian Automotive in the last 14 days
Based on 57 Articles This Week
Insider Trading
Selling Shares
$7.51 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($4.67) to ($3.06) 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.

2.63 out of 5 stars

Auto/Tires/Trucks Sector

46th out of 82 stocks

Motor Vehicles & Car Bodies Industry

11th out of 30 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

New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Lucid car logo on EV car
High-Profile EV Stock: A Long Shot, Loser or Legend-Killer? (RIVN)
Electric vehicle (EV) maker Lucid Group Inc. (NASDAQ: LCID) was once touted as a Tesla Inc. (NASDAQ: TSLA) killer with its sleek luxury designs and purportedly
The Elon Factor: Is It Enough to Keep Tesla Stock Moving Higher?
The Elon Factor: Is It Enough to Keep Tesla Stock Moving Higher? (RIVN)
Tesla shares may be too high today, after the stock rallied on the influence of Rivian's rally. Fundamentals do not back today's valuation
Financial markets news icon
MarketBeat Week in Review – 7/1 - 7/5 (RIVN)
The market was mostly quiet in a holiday-shortened week; that may change next week with the latest inflation readings and the kickoff of a new earnings season
Rivian logo emblem on vehicle
Is Rivian Stock on the Verge of a 100% Rally?
Despite sinking to an all-time low in April, shares of Rivian Automotive, Inc. NASDAQ: RIVN have been on a heater in recent weeks. The electric vehicle (EV) maker, considered one of the stronger alternatives to the king of EVs, Tesla Inc NASDAQ: TSLA, has seen its shares gain more than 80% in the past ten weeks.
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Rivian logo emblem on vehicle
Is Rivian Stock on the Verge of a 100% Rally? (RIVN)
While the EV industry is hurting from a dip in demand, those who believe in its long-term potential would do well to take note of Rivian's valuation today.
Rivian stock forecast
Rivian Stock Rises on Volkswagen's $5 Billion Investment
Rivian Automotive NASDAQ: RIVN is a prominent name in the electric vehicle (EV) market. Rivian's stock price recently witnessed a nearly 60% rise following an announcement from the company.
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/06/2024
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
$19.79
High Stock Price Target
$44.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
25 Analysts

Profitability

Net Income
$-5,432,000,000.00
Net Margins
-111.09%
Pretax Margin
-111.07%

Debt

Sales & Book Value

Annual Sales
$4.43 billion
Book Value
$9.20 per share

Miscellaneous

Free Float
972,428,000
Market Cap
$16.25 billion
Optionable
Optionable
Beta
2.08
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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. has recently launched a groundbreaking electric vehicle model that has received rave reviews from industry experts.
  • The company's stock price has shown a steady increase over the past year, indicating positive investor sentiment.
  • Rivian Automotive, Inc. has secured major partnerships with leading tech companies, enhancing its market position and potential for growth.
  • Recent financial reports show strong revenue growth and improving profit margins, signaling a healthy financial outlook for the company.
  • Rivian Automotive, Inc. is at the forefront of innovation in the electric vehicle industry, positioning itself as a key player in the future of transportation.

Cons

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

  • The electric vehicle market is highly competitive, with established players and new entrants posing a threat to Rivian's market share.
  • Rivian Automotive, Inc. faces supply chain challenges that could impact production and delivery timelines, leading to potential delays and customer dissatisfaction.
  • There is uncertainty surrounding government regulations and incentives for electric vehicles, which could affect the demand for Rivian's products.
  • The company's valuation is considered high compared to industry peers, raising concerns about potential overvaluation and future stock performance.
  • Rivian Automotive, Inc. has a limited track record compared to traditional automakers, making it a riskier investment option for conservative investors.
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 Monday, July 1, 2024. Please send any questions or comments about these Rivian Automotive pros and cons to contact@marketbeat.com.

RIVN Stock Analysis - Frequently Asked Questions

How have RIVN shares performed this year?

Rivian Automotive's stock was trading at $23.46 at the start of the year. Since then, RIVN shares have decreased by 30.9% and is now trading at $16.21.
View the best growth stocks for 2024 here
.

How were Rivian Automotive's earnings last quarter?

Rivian Automotive, Inc. (NASDAQ:RIVN) issued its earnings results on Tuesday, May, 7th. The electric vehicle automaker reported ($1.41) earnings per share for the quarter, missing analysts' consensus estimates of ($1.38) by $0.03. The electric vehicle automaker earned $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Rivian Automotive had a negative trailing twelve-month return on equity of 53.55% and a negative net margin of 111.09%.

When did Rivian Automotive IPO?

Rivian Automotive (RIVN) raised $9.1 billion in an 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 top institutional shareholders include Baillie Gifford & Co. (3.32%), Bank of New York Mellon Corp (0.30%), Portman Square Capital LLP and Sumitomo Mitsui Trust Holdings Inc. (0.16%). Insiders that own company stock include Motor Co Ford, Robert J Scaringe, Kjell Gruner, Claire Mcdonough, Jay T Flatley, Jeff Baker, Jiten Behl 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 7/26/2024 by MarketBeat.com Staff

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