Rivian Automotive (NASDAQ:RIVN) Stock Price Down 4.5% – What’s Next?
by Jessica Moore · The Cerbat GemRivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) shares were down 4.5% during mid-day trading on Thursday . The company traded as low as $16.72 and last traded at $16.95. Approximately 24,025,664 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 29,365,867 shares. The stock had previously closed at $17.74.
Key Rivian Automotive News
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian has begun customer production of its smaller R2 SUV at the Normal, Illinois plant, and customer deliveries are expected later this spring — a major step for Rivian’s push toward higher volumes and profitability. Rivian starts production of R2 SUVs, deliveries expected later this spring
- Positive Sentiment: Rivian demonstrated operational resilience by restarting R2 work quickly after an EF-1 tornado damaged part of the factory, which supports near-term ramp credibility and investor confidence in execution. Rivian R2 production has started despite tornado damage to factory
- Neutral Sentiment: Independent bullish write-ups and investor theses (e.g., The Patel Investor summarized by InsiderMonkey) have surfaced, outlining longer-term upside if the R2 ramp and software monetization scale — useful for longer-term thesis but uncertain near term. Is Rivian Automotive, Inc. (RIVN) A Good Stock To Buy Now?
- Negative Sentiment: Earnings previews from Zacks and Yahoo suggest Rivian is likely to report a quarter where revenue and EPS trends face headwinds, lowering odds of an earnings beat and increasing short-term downside risk. Earnings Preview: Rivian Automotive (RIVN) Q1 Earnings Expected to Decline
- Negative Sentiment: Questions remain about the tornado’s impact on a logistics building tied to the R2 ramp; paused activity and supply-chain uncertainty create execution risk during a critical launch window. Tornado Impact At Rivian Factory Raises Questions On R2 Ramp And Value
- Negative Sentiment: Rivian’s announced R2 launch price (about $57,990) is materially higher than the long-promised ~$45k target, reducing the vehicle’s near-term addressable market and margin pathway expectations. Rivian starts R2 EV production in Normal, Illinois
- Negative Sentiment: UBS flagged that Rivian’s strategy to license its electrical architecture and autonomous stack is unlikely to gain meaningful near-term traction, tempering upside from platform/recurring-revenue arguments. Rivian Automotive platform push unlikely to gain near-term traction, says UBS
Analyst Ratings Changes
A number of equities research analysts recently issued reports on RIVN shares. Deutsche Bank Aktiengesellschaft raised shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their price objective for the company from $16.00 to $23.00 in a report on Friday, February 13th. Bank of America started coverage on shares of Rivian Automotive in a report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price objective for the company. Wolfe Research lowered shares of Rivian Automotive from a “peer perform” rating to an “underperform” rating in a report on Monday, January 12th. TD Cowen raised shares of Rivian Automotive from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $20.00 in a report on Tuesday, March 10th. Finally, DA Davidson raised shares of Rivian Automotive from an “underperform” rating to a “neutral” rating and set a $14.00 target price for the company in a research note on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Rivian Automotive presently has an average rating of “Hold” and a consensus target price of $18.05.
Get Our Latest Stock Analysis on Rivian Automotive
Rivian Automotive Trading Down 4.5%
The company has a debt-to-equity ratio of 0.97, a current ratio of 2.33 and a quick ratio of 1.89. The company has a market cap of $21.03 billion, a PE ratio of -5.52 and a beta of 1.69. The company’s 50 day simple moving average is $15.69 and its two-hundred day simple moving average is $16.06.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.14. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company earned ($0.70) earnings per share. The business’s quarterly revenue was down 25.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Rivian Automotive, Inc. will post -3.04 EPS for the current fiscal year.
Insider Activity at Rivian Automotive
In other news, CFO Claire Mcdonough sold 27,133 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $455,834.40. Following the completion of the transaction, the chief financial officer owned 680,836 shares of the company’s stock, valued at approximately $11,438,044.80. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Scaringe sold 34,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $586,320.00. Following the completion of the transaction, the chief executive officer directly owned 1,044,731 shares of the company’s stock, valued at approximately $17,551,480.80. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 138,643 shares of company stock valued at $2,226,866. Insiders own 2.16% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Formidable Asset Management LLC purchased a new position in shares of Rivian Automotive in the first quarter valued at approximately $474,000. Janney Montgomery Scott LLC boosted its stake in shares of Rivian Automotive by 2.4% in the first quarter. Janney Montgomery Scott LLC now owns 81,341 shares of the electric vehicle automaker’s stock valued at $1,224,000 after purchasing an additional 1,888 shares during the period. Independent Wealth Network Inc. boosted its stake in shares of Rivian Automotive by 10.8% in the first quarter. Independent Wealth Network Inc. now owns 15,735 shares of the electric vehicle automaker’s stock valued at $237,000 after purchasing an additional 1,530 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Rivian Automotive by 18.7% in the first quarter. Ritholtz Wealth Management now owns 51,819 shares of the electric vehicle automaker’s stock valued at $780,000 after purchasing an additional 8,147 shares during the period. Finally, OP Asset Management Ltd purchased a new position in shares of Rivian Automotive in the first quarter valued at approximately $1,291,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.
Rivian Automotive Company Profile
Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.
Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.