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Rivian Automotive, Inc RIVN Stock Price, Quote & News

Rivian stock price could be on the verge of a multi-year bull run ahead of the R2 launch later this year. RIVN shares surged by over 24% on Friday, moving to a high of $16.50, its highest swing since … Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. Trading options involves greater risks but also offers the potential for higher profits.

Identify Smart Money Moves

Rivian Automotive (RIVN 2.24%) stock is gaining ground in Friday’s trading. The electric vehicle (EV) the 21 best stocks to buy for 2021 2020 specialist’s share price was up 3.2% as of 2 p.m. While earnings growth is arguably the most superior indicator of a company’s financial health, nothing happens as such if a business isn’t able to grow its revenues. After all, it’s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. For the current fiscal year, the consensus earnings estimate of -$4.03 points to a change of +17.4% from the prior year. As of July 3, 2024, rivian stock accounts for a 31.61% gain over the past month and 42.98% over the past 3 months.

• Whether a stock’s current price rightly reflects the intrinsic value of the underlying business and the company’s growth prospects is an essential determinant of its future price performance.
• As such, it can be confusing for traders to pinpoint the front runners in the EV industry.
• For investors, the IPO provides an opportunity to gain exposure to a promising company in its early stages.
• Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
• Scaringe also stressed the long-term outlook for the auto market being more significant and important than changes in short-term operating conditions.
• The trading day is divided into several key sessions, each with its own characteristics and participation levels.
• Once a company goes public, its shares become listed on stock exchanges, enabling investors to buy and sell those shares on the open market.

Sales & Book Value

Regular trading hours usually start in the morning and extend into the afternoon, providing sufficient time for participants to engage in trading activities. Stock exchanges have specific trading hours during which investors can buy and sell shares. These trading hours provide a structured and regulated environment for market participants to conduct their transactions. While these hours can vary depending on the exchange and the country in which it operates, there are some general patterns that most stock exchanges follow. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up.

LCID have declined sharply following President Donald Trump’s announcement of significant electric vehicle policy changes. However, Jim Cramer has cautioned that investors expecting Rivian to be the next Tesla may be disappointed. The CNBC Mad Money host and former hedge fund manager argues that Rivian is coming into a more competitive market than Tesla. He also has valuation concerns, and thinks investors may be better off getting exposure to Rivian through Ford instead of owning Rivian stock directly.

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We discussed the trading process on stock exchanges, including regular trading hours, pre-market, and after-hours trading sessions. Understanding the trading hours and sessions is crucial for investors interested in buying or selling shares of publicly traded companies like Rivian. With the anticipation surrounding Rivian’s initial public offering (IPO), many investors are eager to know when they can start trading Rivian shares. The exact date and time for Rivian’s trading debut on the stock exchange will depend on the company’s IPO plans and the coordination with the underwriting investment banks. It’s important to note that pre-market and pro trader strategies review after-hours trading sessions may have lower trading volumes compared to regular trading hours.

What are the Strengths of Rivian Stock?

  No cost, no obligation to buy anything ever.Past performance is no guarantee of future results. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. The facts discussed here and much other information on Zacks.com might help determine whether or not it’s worthwhile paying attention to the market buzz about Rivian Automotive.

Is Rivian a good-long term investment?

• Company filings with regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States, often provide insights into the IPO timeline.
• This highlights the recovery in Rivian stock prices over the past months.
• The electric vehicle (EV) specialist’s share price was up 3.2% as of 2 p.m.
• Rivian, based in Michigan, was founded in 2009 with a mission to develop sustainable transportation.
• Once this process is complete, the shares become available for trading on the designated stock exchange.
• As of July 3, 2024, rivian stock accounts for a 31.61% gain over the past month and 42.98% over the past 3 months.
• The company believes in collaboration and strongly focuses on building high-quality electric vehicles that encourage exploration and sustainability.

By offering shares to the public, the company can attract investment from individuals and institutions, providing an influx of funds that can be used for a variety of purposes. This includes funding research and development, expanding production capacity, marketing efforts, and possible future acquisitions. Rivian is a company that has been making waves in the electric vehicle (EV) industry with its unique approach to sustainable transportation. Founded in 2009 by CEO Robert “R.J.” Scaringe, Rivian set out to create electric adventure vehicles that are not only environmentally friendly but also offer exceptional performance and practicality. Rivian’s big financial goal for 2024 is to generate a modest gross profit in the fourth quarter. That basically means that the cost of manufacturing a vehicle is more than paid for by the revenue generated from the sale of that vehicle.

Price Target and Rating

Stop orders are triggered when the stock reaches a specified price, and they can be used to limit losses or lock in profits. If you’ve been following the electric vehicle (EV) industry, you’ve likely heard of Rivian, a company that has gained significant attention for its download the black book of forex trading innovative electric vehicles. Rivian has been making waves with its all-electric pickup truck and SUV models, capturing the interest of both enthusiasts and investors alike. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.30% per year.

Enter your email address to receive the latest news and analysts’ ratings for Rivian Automotive and its competitors. With a market size of $388.1 billion in 2023, the electric sector is poised for explosive growth, reaching an estimated $951.9 billion by 2030. This translates to a compelling Compound Annual Growth Rate (CAGR) of 13.7%. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider.