Rivian Automotive RIVN Stock Price Today

According to 22 analysts, the average rating for RIVN stock is “Buy.” The 12-month stock price forecast is $18.05, which is an increase of 36.43% from the latest price. If Rivian can get its act together, ramp up its production, and avoid more delays and disappointments, it could fetch a much higher valuation in the 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%). 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.

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. Rivian’s total book value, the difference between its assets and liabilities, was $5.5 billion as of June 30, 2021.

1. Caroline Woods joins Oliver Renick to take a closer look at Airbnb (ABNB), N…
2. The company said that these deliveries generated estimated revenue of between $0 and $1 million for the three-month period ended Sept. 30, 2021.
3. RJ Scaringe, Rivian CEO, joins ‘Closing Bell Overtime’ to talk quarterly results, rolling out Gen 2 vehicles, affordability and more.

Rivian IPO: What Happened and Why it Matters

RJ Scaringe, Rivian CEO, joins ‘Closing Bell Overtime’ to talk quarterly results, rolling out Gen 2 vehicles, affordability and more. Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter. The electric vehicle maker, which is still losing thousands of dollars for every vehicle it makes, has be… Despite a positive first half to Wednesday’s trading day, a few notable stocks fell when earnings custom ai solutions: ai and machine learning consulting services didn’t meet expectations. Caroline Woods joins Oliver Renick to take a closer look at Airbnb (ABNB), N…

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. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

About MarketBeat

That big investment isn’t too surprising given Volkswagen remains an underdog in the EV market. Its sales of battery-powered EVs rose nearly 35% to more than 771,000 units in 2023, but that was only equivalent to 8% of the global EV market and less than half of Tesla’s 1.81 million deliveries. Therefore, it makes sense for Volkswagen to invest in smaller EV makers like Rivian to accelerate that higher-growth business. But on June 25, Rivian announced a new joint venture (JV) with Volkswagen (VWAP.Y -3.34%) to co-develop new EV technologies. Many bullish investors praised the partnership as a game-changing move for Rivian, and its stock has soared more than 30% since its opening price that day.

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 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’s Loss Widens as EV Maker Continues To Lose Money Per Delivery

Total cash and cash equivalents on the company’s balance sheet at the end of the June were $3.7 billion. Rivian estimates that its net loss 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. The company indicated that its operating expenses have increased over the last eight quarters as the development of its R1T, R1S, and EDV vehicle programs continues to advance. Rivian said that it expects how to become it security specialist, salary and degree requirements to generate most of its revenue in the near term from sales of vehicles, accessories, and regulatory credits. Gradually, it will then begin to generate more substantial revenue from offering value-added services spanning the lifecycle of its vehicles, which will deepen its relationship with customers.

Industry, Sector and Symbol

That includes engineering specifications such as easily removable batteries and batteries that can be easily recycled or repurposed today’s stock market performance and economic data into stationary power packs when their EV lifespan is spent. Rivian’s IPO raised nearly $12 billion, making it the largest IPO in the U.S. since 2014. The stock was up more than 21% from its initial opening price to the close of trading on Nov. 12, 2021, three trading days after the IPO. The broader U.S. equity market, as measured by the S&P 500, was basically flat over the same period. Until the quarterly period ended Sept. 30, 2021, the company had not produced or delivered any vehicles and thus had not generated substantial revenue.

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.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. 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.

The technique has proven to be very useful for finding positive surprises. Rivian Automotive has made significant progress in the EV space, with a recent rally in stock price due to a deal with Volkswagen AG. The EV company is focused on turning limited production into a pro…

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Electric vehicle company Rivian Automotive RIVN draws mixed reactions from analysts over its partnerships and focus on profitability after reporting second-quarter financial results. While Rivian is making progress on cost cutting efforts, overall growth is rather muted at the moment. The company burned over a billion dollars in cash during Q2, leaving its net cash pile at its low… Rivian Automotive Inc’s RIVN stock is under serious pressure, sliding 38.32% year-to-date. The electric vehicle maker’s bumpy ride isn’t just on the road; it’s also on the charts, where the technical …

Key Earnings Data

Rivian Automotive’s stock was trading at $23.46 at the start of the year. Since then, RIVN shares have decreased by 43.6% and is now trading at $13.23. 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 reported a slightly lower loss than expected in Q2, but cash reserves continue to dwindle.