As of December 4, 2023, Rivian Automotive (NASDAQ: RIVN) has received ratings from a panel of 9 analysts. Among these ratings, 2 were bullish, 4 were somewhat bullish, and 3 were indifferent. Notably, there were no bearish or somewhat bearish ratings given. The average 12-month price target for Rivian Automotive stands at $26.11, with a range of $19.00 to $35.00. This represents a 5.05% decrease from the previous average price target of $27.50.
It’s important to note that analyst ratings are provided by experts in the banking and financial sectors who gather information from various sources, including company conference calls, financial statements, and conversations with insiders. While these ratings offer valuable insights for investors, it’s crucial to remember that analysts are human and their opinions may differ.
Investors should consider other factors such as growth estimates, earnings, and revenue in addition to analyst ratings. These factors provide a more comprehensive understanding of a stock’s potential.
Based on the current average price target of $26.11, analysts project a 45.76% upside potential for Rivian Automotive. MarketWatch and The Wall Street Journal both report similar ratings, with an average target price of $26.59. For further analysis and forecasts, Yahoo Finance offers additional details on analyst estimates for Rivian Automotive.
In conclusion, the analyst ratings for Rivian Automotive generally indicate a positive outlook, with the stock being rated as “Overweight” and a consensus average target price of $26.59. However, it’s crucial for investors to conduct their own research and consider various factors before making investment decisions.
Rivian Automotive, Inc.
Updated on: 01/03/2024
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Sell
ROE: Strong Sell
9:00 AM (UTC)
Date:21 January, 2024
|Analyst / firm
RIVN Stock Faces Decline in Price Momentum: Analysis and Insights
On December 4, 2023, RIVN stock experienced a decline in its price momentum. Trading in the middle of its 52-week range and below its 200-day simple moving average, the stock faced some challenges in its performance. The price of RIVN shares dropped by $0.29 since the market last closed, representing a 1.61% decrease. Closing at $17.96, RIVN stock seemed to struggle to maintain its value on this particular day. In after-hours trading, the stock dropped an additional $0.25. Trading below its 200-day simple moving average suggests that RIVN stock may be facing some long-term challenges. Furthermore, trading in the middle of its 52-week range indicates that RIVN stock is neither at its highest nor its lowest point over the past year. It is important to note that stock performance on a single day should not be taken as a definitive indicator of a company’s long-term prospects. Investors interested in RIVN stock should closely monitor its performance in the coming days and weeks to gain a better understanding of its trajectory. Analyzing trends, market conditions, and company-specific developments can provide valuable insights into the stock’s future prospects.
RIVNs Stock Performance: Impressive Revenue Growth but Declining Net Income and EPS Figures
RIVN, the electric vehicle manufacturer, has been making waves in the stock market with its innovative products and ambitious growth plans. On December 4, 2023, RIVN’s stock performance was closely watched by investors and analysts alike. Let’s delve into the numbers and see how the company fared.
According to data sourced from CNN Money, RIVN reported a total revenue of $1.66 billion over the past year, which marked a staggering increase of 2914.55% compared to the previous year. Additionally, RIVN’s total revenue for the third quarter stood at $1.34 billion, indicating a 19.27% increase since the previous quarter.
However, the company’s net income figures paint a slightly different picture. RIVN reported a net loss of $6.75 billion over the past year, showcasing a decrease of 44.03% compared to the previous year. In the third quarter, RIVN’s net loss stood at $1.37 billion, indicating a 14.39% decrease since the previous quarter.
The earnings per share (EPS) figures also reflect a similar trend. RIVN reported an EPS of -$7.40 over the past year, marking a decrease of 42.06% compared to the previous year. In the third quarter, RIVN’s EPS stood at -$1.44, reflecting a 13.19% decrease since the previous quarter.
While RIVN’s revenue growth is certainly impressive, the declining net income and EPS figures raise questions about the company’s profitability and sustainability. Investors will closely monitor RIVN’s future financial reports to assess whether the company can reverse these downward trends and achieve profitability.
Investors should carefully analyze RIVN’s financials, along with other relevant factors such as the company’s technological advancements, product pipeline, and market positioning, to make informed investment decisions. As with any investment, it is crucial to conduct thorough research and consider the potential risks and rewards before committing capital.
In conclusion, RIVN’s stock performance on December 4, 2023, showcased impressive revenue growth but also highlighted declining net income and EPS figures. Investors will closely monitor the company’s financial reports to gauge its ability to achieve profitability and sustain its growth trajectory. As with any investment, it is important to thoroughly analyze all available information and consider the inherent risks before making investment decisions.