Could Rivian stock help you become a millionaire?
Apr 08, 2022 · The Rivian Automotive, Inc. stock price gained 1.80% on the last trading day (Monday, 11th Apr 2022), rising from $38.80 to $39.50. During the day the stock fluctuated 12.89% from a day low at $37.15 to a day high of $41.94. The price has fallen in 7 of the last 10 days and is down by -14.09% for this period.
Is Rivian a good investment?
15 hours ago · When the period is up in May later this year, Ford can sell off its stake in Rivian and generate over $4 billion in proceeds. Moreover, it will also push down RIVN stock for several months, given ...
Is Rivian going public soon?
Jan 12, 2022 · So, how does Amazon's deal with Stellantis ( STLA 1.95%) affect Rivian? And should you buy Rivian stock in 2022? Let's discuss that next. The Amazon partnership.
Should you buy into an eventual Rivian IPO?
Apr 18, 2022 · Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 04/22/2022. Discounted offers are only available to new ...
Is Rivian a good stock purchase?
A realistic buy price An investment in Rivian is aggressive and full of risk. The company recently acknowledged it will have to absorb rising raw material costs, and it had to scale back its near-term production plans due to supply chain shortages.Apr 4, 2022
When can I invest in Rivian?
Rivian is expected to hold its IPO sometime in 2021 or 2022. Some analysts have predicted an IPO as early as September 2021. Others suggest that the IPO may wait until vehicle deliveries begin. As with all IPOs, the schedule could change according to market conditions.Mar 10, 2022
Why is Rivian stock so low?
Further spooking investors was news that the company now expects to ship 25K vehicles in 2022, significantly fewer than the roughly 40k forecasted by analysts. Rivian management attributed the shortfall largely to ongoing supply chain issues for parts such as semiconductors.Mar 21, 2022
How do I get Rivian stock?
How to buy shares in RivianCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
How do I buy pre IPO stock?
Register with crowdfunding platforms like AngelList, OurCrowd, and FundersClub, which allow you to invest directly in startup companies. Register with stock tokenization platforms like tZero, which converts pre-IPO stocks into blockchain-based tokens. You can trade these for cash any time you want.Jan 11, 2022
Does Ford own Rivian?
Ford, which has invested a total of $1.2 billion in Rivian since early 2019, has a 12% stake that the company has said was valued at more than $10 billion in early December.Jan 18, 2022
Is Rivian struggling?
The best-funded electric vehicle startup in U.S. history, Rivian has struggled to ramp up production since going public at a $90 billion valuation last November, and though the stock initially popped after the IPO, it has struggled since—with shares down roughly 63% in 2022.Mar 11, 2022
What time of day do IPOs start trading?
Continuous Trading for IPOs (New listing) and Re-listed scrips happens from 10:00 AM - 3:30 PM. Exchange would move all unmatched market orders to the continuous session at the opening price.
Key Points
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How will Amazon's deal with Stellantis affect Rivian?
Rivian ( RIVN -6.54% ) grabbed a lot of attention after its multibillion-dollar initial public offering (IPO) last year. Many investors saw Rivian's partnership with Amazon ( AMZN -1.40% ), under which it will deliver 100,000 electric delivery vans to the latter, as a key pillar of Rivian's growth story.
The Amazon partnership
Amazon is looking to make its last-mile delivery operations low emission by switching to electric delivery vehicles. The e-commerce giant obviously doesn't want to rely on a single electric vehicle ( EV) maker for the same. Stellantis has been providing light commercial vehicles for Amazon's last- mile operations since 2018.
All is not lost for Rivian
Again, just as Rivian isn't the only one offering electric pickup trucks, SUVs, or delivery vans, Amazon isn't the only customer for Rivian. Rivian offers both consumer and commercial vehicles. In the commercial vehicle segment, Amazon seems to be Rivian's only customer as of now; at least, the company hasn't announced any other name so far.
Is the EV maker's stock a buy?
Rivian stock has fallen nearly 50% off its all-time high price of more than $172 that it hit in November. The stock has fallen nearly 17% so far in 2022. Despite the fall, Rivian stock sports a market capitalization of more than $77 billion.
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Rivian Automotive (RIVN)
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Rivian Automotive, Inc. - Hold
Zacks' proprietary data indicates that Rivian Automotive, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the RIVN shares relative to the market in the next few months. In addition, Rivian Automotive, Inc.
Chart for RIVN
Rivian Automotive Inc. develops and manufactures electric vehicles. Rivian Automotive Inc. is based in Irvine, United States.
What is Rivian Automotive stock symbol?
Rivian Automotive is a American stock, trading under the symbol RIVN-Q on the NASDAQ (RIVN). It is usually referred to as NASDAQ:RIVN or RIVN-Q
Is Rivian Automotive a buy or a sell?
In the last year, 7 stock analysts published opinions about RIVN-Q. 2 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rivian Automotive.
Is Rivian Automotive a good investment or a top pick?
Rivian Automotive was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Rivian Automotive.
Why is Rivian Automotive stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Rivian Automotive worth watching?
7 stock analysts on Stockchase covered Rivian Automotive In the last year. It is a trending stock that is worth watching.
About Rivian Automotive
Rivian Automotive is an American car company founded in 2009. They specialize in electric vehicles, making them an attractive option for the ever-growing environmentally-conscious consumer.
Bull Case
Rivian debuted on the Nasdaq in November 2021 with an approximately $67 billion initial public offering (IPO) value, putting it at about $78 per share.
Bear Case
Despite the many positives that Rivian has going for it, there are some notable downsides. Perhaps most notably, there’s no shortage of companies who’ve tried and failed at outcompeting electric vehicle giants like Tesla.
Final Verdict
Rivian is a woke company responding to many items essential to the modern-day consumer—clean energy, recyclable products, and a diverse and inclusive workspace.
Post-IPO Expansion
Rivian announced Dec. 16, 2021, that it will open a vehicle assembly and battery plant near Atlanta. The $5 billion project is slated to break ground in the coming months.
Billionaire George Soros, Top Pension Funds Invest
Rivian stock has garnered the attention of other top investors too. Billionaire investor George Soros bought nearly 20 million shares of Rivian stock worth $2 billion in the quarter ended Dec. 31, 2021, according to a Feb. 11, 2022, financial filing . The purchase makes Soros Fund Management one of Rivian's top investors.
Rivian EV Lineup
The R1T electric pickup, which was named the MotorTrend Truck of the Year for 2022, starts at around $67,500, before the $7,500 federal tax credit. The seven-seater R1S SUV goes for about $70,000. The preorder launch editions of the two vehicles sold out at the end of 2020.
Road To Ramp-Up 'Choppy'
Morgan Stanley's Adam Jonas initiated Rivian coverage in December 2021, with an outperform rating and a price target of $147.
Deliveries Delayed
On Jan. 26, 2022, Bloomberg reported Rivian was ramping up production at its Normal, Ill., plant, after the factory had been shut down for a week earlier in the month. The report also said Rivian is now on pace to have nearly 200 delivery ready vehicles a week.
Rivian's Financials
Rivian reported a little revenue in Q3, but steep losses. Sales came in around $1 million and losses were $12.21 per share. Those results are in line with what the company said it expected in a previous SEC filing.
Rivian Faces Fierce EV Pickup Competition
The Rivian R1T is the first electric pickup to market, but not the last.
