Rivian Automotive, Inc. (RIVN) is slated to release fourth-quarter 2023 results on Feb 21, after market close. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at $1.39 and $1.28 billion, respectively.For the fourth quarter, the consensus estimate for RIVN’s loss per share has widened by 2 cents in the past 30 days. Its bottom-line estimates imply a rise of 19.7% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues sugge ...

Making its public debut in November 2021, Rivian (RIVN -0.31%) arrived on the electric vehicle (EV) scene with a bang. The company's initial public offering (IPO) was the largest for an American company since Meta in 2014, raising a whopping $12 billion. But since its historic debut, Rivian has struggled to find its footing in an industry that is growing more competitive by the year. That's why investors are better off owning companies that already have a proven track record of success, such as Tesla (TSLA ...

The electric vehicle (EV) industry is encountering speed bumps, causing doubt to incumbent automakers. However, for early-stage EV companies like Rivian (NASDAQ:RIVN), it’s been a very rocky year thus far, with RIVN stock plunging more than 30% year-to-date alone, as investors digest various headwinds in this space. This is central to my RIVN stock analysis.Despite the company’s electric vans, Rivian’s consumer segment faces challenges. Tesla’s (NASDAQ:TSLA) price cuts on its Model Y SUVs, and analyst downg ...

The electric vehicle (EV) boom is losing momentum. After growing like gangbusters for several years, adoption in the United States and other markets is starting to slow. EV sales grew 42% year over year in the United States last November, down from 75% growth back in 2022. Even with major federal and local subsidies for buyers, EVs take significantly longer for dealerships to sell than gasoline-powered vehicles right now, with hybrids also growing quickly. Toyota -- which has embraced a mixed strategy of ga ...

Rivian Automotive (RIVN) closed the latest trading day at $15.56, indicating a +1.17% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.96%. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq added 1.3%.Coming into today, shares of the a manufacturer of motor vehicles and passenger cars had lost 13.69% in the past month. In that same time, the Auto-Tires-Trucks sector lost 2.76%, while the S&P 500 gained 3.69%.Analysts and investors alike wil ...

Today’s price action in the market has been rather turbulent, for many key sectors. In the electric vehicle (EV) space, companies are seeing varying moves, with Rivian (NASDAQ:RIVN) moving up alongside the broader sector. At the time of this writing, RIVN stock is up around 0.5% despite a rather bearish recent analyst note from Deutsche Bank today. Deutsche Bank lowered its price target from $19 to the $16 level while maintaining a “hold” rating on RIVN stock. This downgrade appears to be tied to Rivian’s r ...

Rivian Automotive (RIVN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 21, 2024, might help the stock move higher if these key numbers are bet ...

Rivian Automotive (RIVN -6.12%) stock is parked in a lot fewer portfolios today. Shares of the electric vehicle (EV) upstart plunged on Tuesday morning, extending the decline they endured yesterday.While EV investors who clicked the sell button had their reasons, those who still count Rivian stock among their holdings -- or those interested in buying the stock -- are wondering what to do next. Let's take a look to see what investors' next move should be with regard to Rivian stock.Season that price target w ...

Electric vehicles (EVs) are expected to account for two-thirds of global auto sales by 2030. With such significant growth, manufacturers are competing to stake their claim and grab market share.One of these hopeful competitors is Rivian Automotive (RIVN -6.00%), an up-and-coming start-up looking to fill a missing gap in the EV market with its SUVs and trucks. But if you are looking for a boost to your portfolio, this might not be the stock for you. Cash continues to bleed, with nonexistent profitsEvery EV m ...

Much like the rest of the electric vehicle (EV) industry, Rivian (NASDAQ: RIVN) has been struggling in recent months, and its shares have been – for the most part – dropping on the stock market in nearly every commonly-used timeframe.Indeed, the firm is down 13.69% in the last 52 weeks, 22.61% since January 1, and 8.36% in the last 30 days. Still, Rivian has been trading with significant volatility and has managed multiple impressive trading days.For example, RIVN rose 8.87% in the last 5 days as investors ...