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Rivian stock earnings forecast: Why analysts are bearish
Finbold· 2024-02-13 12:41
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 ...
Why Rivian Shares Are Sinking Today
The Motley Fool· 2024-02-12 18:53
Rivian Automotive (RIVN -1.98%) shares are bucking an uptrend in electric vehicle (EV) stocks Monday. There are a couple of reasons for that. While some EV names are riding bullish sentiment on Wall Street, Rivian's shares dropped by as much as 5% in early trading. As of 12:40 p.m. ET, the stock was still down by 2.4% for the day.Rivian is a unique EV makerRivian shares have now dropped by about 30% year to date. The company has some unique features among start-up EV makers, though. In addition to offering ...
Analyst: Rivian Automotive Stock Facing "Demand Pressure"
Schaeffers Research· 2024-02-12 14:35
Shares of electric vehicle (EV) giant Rivian Automotive Inc (NASDAQ:RIVN) are off by 4% to trade at $16.20, after a bear note from Barclays. The analyst downgraded RIVN to "equal weight" from "overweight" and cut its price target by $9 to $16, citing demand softness and saying that the company's products and tech, although great, are "not enough to avoid increased signs of demand pressure amid broader EV slowdown." RIVN has started the year off with four-straight weekly losses and a 29% year-to-date deficit ...
RIVN Stock Analysis: Is Rivian a Buy? Here Is Must-Have Insight for EV Investors.
InvestorPlace· 2024-02-09 20:02
Rivian (NASDAQ:RIVN) investors have pinned their hopes on this company’s ability to achieve positive gross margins by late 2024, a rarity in the early-stage EV space. Despite a monumental IPO, Rivian continues to face significant challenges in establishing itself as an EV industry leader. While EV adoption is projected to soar over time, Rivian’s ability to capitalize on this trend remains uncertain. This is an important consideration as part of my RIVN stock analysis.Let’s evaluate Rivian’s trajectory and ...
Rivian Delays Vehicle Deliveries Due to Software Issues
InvestorPlace· 2024-02-09 16:13
It appears that Rivian (NASDAQ:RIVN) has run into a bit of a delivery issue. Drive Tesla Canada has reported that the electric vehicle (EV) company has temporarily halted deliveries in Canada. This news was echoed by Canadian customers waiting to take delivery, who stated that R1T and R1S deliveries in British Columbia, Alberta and Ontario were paused due to a software issue. Despite this hiccup, RIVN stock is up 2.5% today.Drive Tesla reached out to Rivian, who confirmed that the delays were enacted “to en ...
Investors Heavily Search Rivian Automotive, Inc. (RIVN): Here is What You Need to Know
Zacks Investment Research· 2024-02-06 15:01
Rivian Automotive (RIVN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this a manufacturer of motor vehicles and passenger cars have returned -23.7%, compared to the Zacks S&P 500 composite's +5.3% change. During this period, the Zacks Automotive - Domestic industry, which Rivian Automotive falls in, has lost 19.1%. The key question now is: What could b ...
Rivian Earns Most-Loved Brand Title from Consumer Reports
InvestorPlace· 2024-02-05 15:55
Rivian (NASDAQ:RIVN) stock is in focus after Consumer Reports released its list of the Most and Least Loved Car Brands. The publication ranked the list based on survey responses of its members. Rivian’s R1 models led the list as the most-loved car brand, followed by BMW’s (OTCMKTS:BMWYY) Mini brand and then BMW itself. Rivian was the only company to receive the highest satisfaction score of 5, while 86% of owners said they would buy again. Tesla (NASDAQ:TSLA) topped the list last year, although its ranking ...
Don't Invest in Rivian If You Can't Answer These 3 Questions
The Motley Fool· 2024-02-02 11:04
Rivian (RIVN 1.44%) has emerged as a strong candidate to move from young electric vehicle (EV) start-up to significant player. While the stock has trended lower as EV sales growth has slowed in the U.S., the company is still an intriguing long-term play you can scoop up on the cheap right now.But before you dive in, make sure you understand and can answer these three questions.1. Will Amazon hold Rivian back?At first glance, this question might seem odd. After all, Amazon's order for a total of 100,000 elec ...
Rivian Automotive (RIVN) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-02-01 23:50
In the latest market close, Rivian Automotive (RIVN) reached $15.53, with a +1.44% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.25%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 1.3%.The a manufacturer of motor vehicles and passenger cars's shares have seen a decrease of 24.66% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 11.14% and the S&P 500's gain of 1.58%.The upcoming earnings release o ...
1 Hidden Catalyst That Could Ignite Rivian Stock
The Motley Fool· 2024-02-01 14:47
Rivian (RIVN 2.32%) is a young automaker in the midst of a slowdown in EV growth in the U.S. market. Because of that, investor focus on the company's production, deliveries, and cash burn has been magnified -- and rightfully so.Each of those metrics could cause big swings in the stock price depending on fluctuations in the numbers. But with the focus on those metrics, investors have overlooked a potential catalyst for the company that could register in the first quarter.Delivery vansMany investors have simp ...