Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles.
Rivian Automotive stock last closed at $10.50, up 3.65% from the previous day, and has decreased 21.7% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.32 percentage points. Rivian Automotive stock is currently +27.12% from its 52-week low of $8.26, and -62.58% from its 52-week high of $28.06.
There are currently 995.32M shares of RIVN outstanding. The market capitalization of RIVN is $10.45B. In the last 24 hours, 23.69M RIVN shares were traded.
How to Buy Rivian Automotive Stock
Wondering how to invest in Rivian Automotive stock? Here's how.
Choose where to buy Rivian Automotive stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Rivian Automotive stock.
Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit funds into your brokerage account: Choose your method of payment and add your details.
Evaluate Rivian Automotive stock: The Rivian Automotive ticker symbol is RIVN. Is Rivian Automotive stock a good investment? Should you buy shares of RIVN? How do RIVN's underlying business fundamentals look? Do top analysts think Rivian Automotive is a good buy? Why has RIVN's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if RIVN is a good stock to buy).
Execute your RIVN purchase: Decide if you will purchase RIVN shares at the current market price or use a limit order to purchase RIVN stock at a given price.
Get notifications regarding your RIVN investment: Create a watchlist to key updates about your investment in Rivian Automotive shares.
Step 1: Choose where to buy Rivian Automotive stock
You need an online brokerage account in order to access the NASDAQ market and buy RIVN shares.
A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Create a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to buy RIVN stock today.
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Step 4: Evaluate Rivian Automotive stock
Once you have chosen the best place to buy Rivian Automotive stock, it's critical to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.
Rivian Automotive stock data
RIVN Price
$10.50
1w %
5.11%
1y %
-21.7%
5y %
N/A
P/E
-1.82x
P/B
1.3x
P/S
2.06x
PEG
N/A
Revenue
$4.98B
Earnings
-$5.53B
Fore. Rev. Growth
25.24%
Fore. Earn. Growth
N/A
Market Cap
$10.45B
Next Earnings
Jun 27, 2024
Next Dividend
N/A
RIVN Zen Score
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
There are more short-term assets than short-term liabilities on the RIVN balance sheet.
RIVN has cash burn of 5611000000. It has enough cash and short-term investments to cover this for at least one year.
RIVN has $7.86B in cash and short term investments. This is enough to cover its annual cash burn of $5.61B.
There are more short-term assets than long-term liabilities on the RIVN balance sheet.
Failed Financial Due Diligence Checks:
RIVN profit margin has gone up by 1.82 percentage points in the past year, but the company is still unprofitable.
RIVN has a relatively high debt to equity ratio of 0.95.
Is Rivian Automotive stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 20 Wall Street analysts who give recommendations on RIVN, the consensus analyst rating on RIVN is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest RIVN Analyst Recommendations
Dan Levy, a top 40% analyst from Barclays maintains RIVN with a hold rating and lowers their RIVN price target from $12.00 to $10.00, on Apr 19, 2024.
Barclays's Dan Levy lowered their price target on Rivian Automotive (NASDAQ: RIVN) by 16.7% from $12 to $10 on 2024/04/19. The analyst maintained their Hold rating on the stock.
The analyst reported that low demand for the R1 and commercial vans, along with the postponed R2 ramp, catalyzed Barclay's lower volume projections for the remainder of the decade.
Joseph Spak, a bottom 1% analyst from UBS upgrades RIVN to a hold rating and maintains their RIVN price target from $9.00 to $9.00, on Apr 16, 2024.
Adam Jonas, a top 5% analyst from Morgan Stanley maintains RIVN with a strong buy rating and lowers their RIVN price target from $14.00 to $13.00, on Apr 4, 2024.
Emmanuel Rosner, a top 22% analyst from Deutsche Bank maintains RIVN with a hold rating and maintains their RIVN price target from $15.00 to $15.00, on Apr 2, 2024.
Alexander Potter, a top 3% analyst from Piper Sandler upgrades RIVN to a strong buy rating and raises their RIVN price target from $15.00 to $21.00, on Mar 15, 2024.
Last year, RIVN revenue was $4.98B. In the past two year, RIVN's revenue has grown by 476.02% per year. This was faster than the Auto Manufacturers industry average of 39.46%.
No, Rivian Automotive doesn't provide an income stream by paying out dividends.
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Step 5: Execute your RIVN purchase
There are two primary options:
Market order: A market order is an order to buy or sell a security at the best price on the market. Market orders are usually sufficient.
Limit order: A limit order enables you to buy or sell a security at a specific price (or better). If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need additional help investing in stocks on eToro, click the helpful video below:
How much does it cost to buy one Rivian Automotive share?
As of May 17, 2024, it costs $10.50 to buy one share of Rivian Automotive stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.476 shares of RIVN.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.