Rivian Automotive RIVN Stock Price, News & Analysis

You can obtain Rivian’s investor relations material in the Investors section of our website. You can view our executive officers by visiting the Governance section of our Investor Relations website or visit the Our Company page to learn about our entire leadership team. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

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. Analysts’ steady views regarding the company’s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. Rivian said that it expects to generate most of its revenue in the near term from sales of vehicles, accessories, and regulatory credits.

Electric vehicles are hot

Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement. Tesla is currently the world’s most valuable automaker, despite producing fewer vehicles than its rivals. Rivian has never declared or paid any cash dividends on our capital stock, and does not anticipate declaring or paying any dividends in the foreseeable future. Top institutional shareholders of Rivian Automotive include Baillie Gifford & Co. (3.32%), Wolverine Asset Management LLC, Susquehanna International Group LLP and Renaissance Technologies LLC (0.55%).

1. Rivian is also building the Rivian Adventure Network, a series of charging stations along popular routes and out-of-the-way destinations.
2. Rivian lost $994 million in the first six months of 2021 alone and has said in regulatory filings that it expects to spend another $8 billion by the end of 2023.
3. 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.
4. Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history.
5. Analysts’ steady views regarding the company’s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.

Rivian Automotive (RIVN) Stock Price

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.68% per year. These returns cover a period from January 1, 1988 through August 5, 2024.

Price Target and Rating

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers’ vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. Rivian estimates that its net loss 3 moving average crossover strategy for the recent quarterly period was between $1.2 billion and $1.3 billion. Those quarterly losses were more than four times larger than the same quarter a year earlier.

Investor News

Rivian Automotive Inc. (RIVN) designs and manufactures electric vehicles (EVs) and accessories and offers related services. The company produces and has begun delivery of its first-generation consumer vehicle, which is a two-row, five-passenger pickup truck named the R1T. Later this year it plans to begin delivering a three-row, seven-passenger SUV named the R1S. These vehicles are equipped with a set of advanced technology systems and are designed to accommodate consumers with active lifestyles.

Rivian is among the greenest of the EV makers choosing to achieve carbon neutrality well ahead of the Paris Climate Accord timeline. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

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 Rivian R1S began top 10 best stock market trading analysis software 2021 review production in 2022 and began deliveries later that year.

In terms of earnings estimate revisions for Rivian Automotive, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at -$3.78. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Rivian’s total book value, the difference between its assets and liabilities, was $5.5 billion as of June 30, 2021.

Services Overview

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. 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. Privacy Policy | No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. Rivian has tens of thousands of preorders but expects to deliver only 1,000 vehicles by the end of 2021. The company’s factory in Normal, Ill., can hypothetically produce hundreds of thousands of vehicles, but Brinley says to be truly sustainable, Rivian will need to expand to more plants.

Either way, the splashy debut is sure to draw a lot of attention to the startup and its electric vehicles. It has also provided Rivian with a crucial windfall, as it needs a lot of money to grow — and survive — in the notoriously cash-hungry automotive business. Rivian lost $994 million in the first six months of 2021 alone and has said in regulatory filings that it expects to spend another $8 billion by the end of 2023. The interior of Rivian’s all-electric pickup truck R1T as it sits at one of the automaker’s facilities in Brooklyn, N.Y., on Nov. 9.

Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history. Rivian shares started trading on the Nasdaq stock exchange Wednesday at around $78 per share. That gave Rivian an overall valuation of nearly $80 billion and helped it net $12 billion in fresh cash, despite the top trend trading strategies to increase profit in forex market fact that it only just recently started to make and ship its first electric pickup trucks.