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NASDAQ:RIVN

Rivian Automotive (RIVN) Stock Price, News & Analysis

$11.60
+0.43 (+3.85%)
(As of 09/27/2024 ET)

About Rivian Automotive Stock (NASDAQ:RIVN)

Key Stats

Today's Range
$11.34
$11.84
50-Day Range
$11.03
$17.50
52-Week Range
$8.26
$24.87
Volume
35.83 million shs
Average Volume
25.77 million shs
Market Capitalization
$11.70 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.91
Consensus Rating
Hold

Company Overview

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.

Rivian Automotive Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
68th Percentile Overall Score

RIVN MarketRank™: 

Rivian Automotive scored higher than 68% of companies evaluated by MarketBeat, and ranked 40th out of 94 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Rivian Automotive has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 11 buy ratings, 11 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Rivian Automotive has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Rivian Automotive's stock forecast and price target.
  • Earnings Growth

    Earnings for Rivian Automotive are expected to grow in the coming year, from ($4.80) to ($2.95) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Rivian Automotive is -2.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Rivian Automotive is -2.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Rivian Automotive has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Rivian Automotive's valuation and earnings.
  • Percentage of Shares Shorted

    16.18% of the float of Rivian Automotive has been sold short.
  • Short Interest Ratio / Days to Cover

    Rivian Automotive has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rivian Automotive has recently increased by 2.55%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Rivian Automotive does not currently pay a dividend.

  • Dividend Growth

    Rivian Automotive does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    16.18% of the float of Rivian Automotive has been sold short.
  • Short Interest Ratio / Days to Cover

    Rivian Automotive has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Rivian Automotive has recently increased by 2.55%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Rivian Automotive has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 49 news articles for Rivian Automotive this week, compared to 33 articles on an average week.
  • Search Interest

    Only 62 people have searched for RIVN on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.
  • MarketBeat Follows

    24 people have added Rivian Automotive to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Rivian Automotive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,038,565.00 in company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of Rivian Automotive is held by insiders.

  • Percentage Held by Institutions

    66.25% of the stock of Rivian Automotive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Rivian Automotive's insider trading history.
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RIVN Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 9/23 - 9/27 (RIVN)
Stocks had a mostly bullish week as stimulus efforts in the U.S. and China enhanced risk-on sentiment, but next week's jobs report could spark a larger rally
FDA’s hidden signal greenlights biotech winners — 97% of the time
The FDA has started to quietly send out a signal … That has given investors a 97% chance of making money. Perhaps as soon as 9:30 a.m. tomorrow.
DALLAS, TX, USA-APR 22, 2023: Futuristic-looking RIVIAN branding text on driving door of brand-new electric vehicle R1T pickup truck parked outdoor. All-electric, battery-powered light duty truck
Is Rivian Stock a Bargain Buy With 60% Upside Potential?
For investors with an appetite for risk, and who believe in Rivian’s long-term potential, this could be opening up a serious buying opportunity.
Electric car plugged in with charging station to recharge battery with electricity by EV charger cable in eco green park and greenery foliage. Future innovative ev car and energy sustainability.Peruse - stock image
An EV OEM Shakeout Is Underway: Who Will Win?  (RIVN)
There is an EV shakeout underway, and no start-up is risk-free. The big OEMs bide their time, waiting to buy or develop technology, ready for the next boom
A Little Good News for Rivian Investors
Rivian Automotive (NASDAQ:RIVN) Shares Gap Down on Insider Selling
See More Headlines

RIVN Stock Analysis - Frequently Asked Questions

Rivian Automotive's stock was trading at $23.46 at the beginning of 2024. Since then, RIVN stock has decreased by 50.6% and is now trading at $11.60.
View the best growth stocks for 2024 here
.

Rivian Automotive, Inc. (NASDAQ:RIVN) announced its earnings results on Tuesday, August, 6th. The electric vehicle automaker reported ($1.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.25) by $0.14. The electric vehicle automaker had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Rivian Automotive had a negative net margin of 115.50% and a negative trailing twelve-month return on equity of 65.40%.

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.

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%). 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
.

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.

Company Calendar

Last Earnings
8/06/2024
Today
9/28/2024
Next Earnings (Estimated)
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobiles And Trucks
Current Symbol
NASDAQ:RIVN
Fax
N/A
Employees
16,790
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.91
High Stock Price Target
$30.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+54.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
23 Analysts

Profitability

Net Income
$-5,432,000,000.00
Net Margins
-115.50%
Pretax Margin
-115.46%

Debt

Sales & Book Value

Annual Sales
$4.43 billion
Book Value
$9.20 per share

Miscellaneous

Outstanding Shares
1,008,270,000
Free Float
972,428,000
Market Cap
$11.70 billion
Optionable
Optionable
Beta
2.06
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This page (NASDAQ:RIVN) was last updated on 9/28/2024 by MarketBeat.com Staff
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