Full Answer
Could Rivian stock help you become a millionaire?
To become a millionaire in 2021, you would have had to buy 36,765 shares of its stock to achieve your goal. Trust me: If you told your spouse at the end of 2020 that you were dumping almost $78,000 of your hard-earned savings into the theater chain’s stock, they would have divorced you.
Is Rivian a good investment?
Rivian stock could be a risky investment. It could also achieve exponential growth. Something to keep in mind, though, is that Rivian isn’t a typical startup. It has the backing of Amazon and Ford. It already has a passionate base of outdoor enthusiasts and environmentalists.
When does Rivian begin trading?
While no official start time and date has been revealed, traders are anticipating that the Rivian (RIVN) IPO will go public and start trading on November 10, 2021. If playback doesn't begin shortly, try restarting your device.
Is Rivian worth it?
Rivian is sitting on a great balance sheet for an auto startup. It may have little competition for years with EV trucks, SUVs, and commercial vehicles. After copying some of Tesla's best business moves, Rivian could be primed to grow profitably for more ...
Is Rivian stock expected to go up?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Rivian Automotive Inc have a median target of 52.00, with a high estimate of 108.00 and a low estimate of 24.00. The median estimate represents a +68.01% increase from the last price of 30.95.
Is Rivian stock a buy?
For EV start-up Rivian (RIVN), 2022 has brought with it mainly headaches and headwinds, and the supply-chain snags have resulted in the company lowering its production expectations for the year.
Is Rivian stock a good long term investment?
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. The execution risk is real, and there is also a real chance the company could fail.
Why is Rivian stock so low?
Rivian's stock tanked by almost 20% and hit a new low on Monday as the company's IPO lockup period ended, giving some early investors—including Ford, according to reports—their first chance to sell shares of the electric vehicle startup, which have cratered amid the wider market selloff so far this year.
How do I buy Rivian stock before IPO?
These shares may not be available at all. If it's not practical for you to invest in pre-IPO or IPO shares, you can invest directly by buying shares in a publicly traded company that owns a substantial stake in Rivian, such as Ford. You can also buy publicly traded shares after the IPO.
What is a good price for Rivian stock?
Performance OutlookPrevious Close28.92Open28.61Bid27.42 x 1800Ask27.50 x 800Day's Range26.70 - 28.503 more rows
How can I buy Rivian stock today?
Both eToro and Webull allow you to buy Rivian shares at zero commission. Both are properly regulated in the US.
Will Rivian stock bounce back?
Shares of Rivian tumbled 7% Friday after the electric-vehicle maker reported lackluster quarterly earnings and warned that supply chain issues would limit vehicle production in 2022, but despite struggling since going public last year, analysts still love the stock and remain optimistic about a rebound.
What is wrong with Rivian?
Rivian has too many problems at hand: It faces a shortage of key raw materials and struggles to ramp up production while burning through cash rapidly. Additionally, the company faces increasing competition with each passing day.
Rivian Automotive fundamental analysis: studying the latest earnings
Rivian’s earnings release for the quarter ended 30 September, 2021 (Q3 2021) did not paint a rosy picture. The company’s net loss attributable to common stockholders, basic and diluted, widened to $1.233bn from $288m a year earlier. Loss per share, basic and diluted, stood at $12.21, widening from $2.88.
Rivian stock news and major price drivers
Rivian has raised substantial funds from its pool of investors since 2019.
Factors to drag the stock
There are bigger players in the EV sector and the broader automobile industry.
Rivian (RIVN) stock price prediction: Analyst views
Analysts shared different price targets for Rivian stock in 2022 and beyond. According to data compiled by MarketBeat, as of 22 February, 12 out of 16 analysts rated the stock a ‘buy’, and four rated it a ‘hold’.
Rivian stock is dropping
Rivian stock has fallen more than 20 percent over the last five trading days. The stock fell significantly after Rivian and Ford announced that they no longer intend to co-develop an EV. In 2019, Ford invested $500 million in Rivian as part of a strategic collaboration between the two auto manufacturers.
Is Rivian a good stock to buy?
Founded in 2009, Rivian is an EV manufacturer. The company is producing the R1T pickup truck and R1S SUV, which are available for preorder and configuration. Deliveries are expected to start as early as this month.
RIVN stock's price prediction
Rivian might be significant in helping EVs go mainstream in a market that has long had just hatchback and sedan-style EVs. And if Rivian vehicles sell in quantities that match the hype, Rivian stock might be a great investment opportunity.
Will Rivian stock go back up?
Rivian stock's sell-off may continue in the near term as investors question the company’s high valuation. In the medium-to-long term, Rivian stock should trade based on the company’s fundamentals, which look bright. The stock is expected to reach $200 as early as 2022.
What is the rivian symbol?
Rivian trades on the NASDAQ under the ticker symbol "RIVN."
What is Rivian electric?
Rivian is an American electric vehicle automaker and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies.
Does Rivian pay dividends?
Rivian does not currently pay a dividend.
What is a Rivian?
Rivian is an American electric vehicle manufacturer. The company was founded in 2009. Rivian is building an electric sports utility vehicle (SUV) and pickup truck on a skateboard platform that can support future models or be used by other companies.
How to calculate market capitalization?
It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
Is Rivian stock overvalued?
Rivian’s market cap is almost $85 billion, which is just below General Motors —the largest U.S.-based automaker. Rivian hasn't made meaningful sales and has only delivered a few cars to employees.
What risks does Rivian face?
There are several risks that Rivian investors should watch out for considering its rich valuations. First, rising inflation could force the Fed to act quickly on the tightening. This could lead to a sell-off in growth names, including RIVN.
How high can Rivian stock go?
Rivian stock was trading higher on Nov. 12 since the euphoria is far from over. An additional rise would take RIVN's market cap to $100 billion. It's hard to think of any other pre-revenue company commanding a market cap of $100 billion. Looking at the already stretched valuations, the stock might not go much higher from these levels.
