Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) shares reached a new 52-week low during trading on Friday. The stock traded as low as $12.37 and last traded at $12.3920, with a volume of 19,322,976 shares trading hands. The stock had previously closed at $13.02.
Rivian Automotive News Roundup
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Cantor maintained its $19 price target for Rivian, implying meaningful upside from current levels and signaling that the firm’s outlook remains intact despite recent share-price weakness. Cantor keeps USD 19.00 target for Rivian stock
- Positive Sentiment: Rivian expanded its battery-lifecycle partnership with Redwood Materials. Redwood will collect retired battery packs from Rivian’s U.S. service network, supporting recycling, materials recovery and potential energy-storage initiatives while helping strengthen the company’s sustainability credentials. Rivian, Redwood Materials broaden battery lifecycle agreement
- Positive Sentiment: The upcoming lower-priced R2 SUV is the main growth catalyst. Coverage highlighted its affordability, Tesla Supercharger compatibility and software features. A successful launch and production ramp at Rivian’s Illinois plant could broaden demand beyond the company’s premium-vehicle customer base. What Is Rivian Building That Investors Should Watch?
- Neutral Sentiment: Rivian is adding an in-car AI assistant and expects its vehicles eventually to support third-party AI agents, including technology from companies such as Anthropic. The feature may improve differentiation, but its near-term financial impact is uncertain. AI agents are coming to Rivian’s cars
- Negative Sentiment: Sell-side brokerages collectively rate RIVN “Hold,” reflecting limited conviction that the company’s near-term risk-reward profile warrants a Buy rating. Rivian Automotive Stock Rated Hold by Sell-Side Brokerages
- Negative Sentiment: Rivian’s stock has endured an extended losing streak and has fallen sharply over the past three months. Investors remain concerned about continued operating losses, with analysts expecting another sizable annual loss despite improving revenue and narrower quarterly losses. Rivian on track to log losses for seventh straight session
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating on shares of Rivian Automotive in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft cut Rivian Automotive from a “buy” rating to an “underperform” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Rivian Automotive from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rivian Automotive in a report on Friday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Rivian Automotive in a research report on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.00.
Check Out Our Latest Stock Report on RIVN
Rivian Automotive Stock Performance
The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of -4.81 and a beta of 1.62. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $15.27 and a two-hundred day moving average price of $15.74.
Rivian Automotive (NASDAQ:RIVN – Get Free Report) last released its earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.03. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted ($0.97) earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts forecast that Rivian Automotive, Inc. will post -2.95 EPS for the current fiscal year.
Insider Transactions at Rivian Automotive
In other news, CFO Claire McDonough sold 8,023 shares of Rivian Automotive stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the sale, the chief financial officer owned 819,178 shares in the company, valued at $13,106,848. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael John Callahan sold 15,000 shares of Rivian Automotive stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider directly owned 1,001,776 shares in the company, valued at $15,026,640. This trade represents a 1.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 51,167 shares of company stock valued at $788,306. Insiders own 1.48% of the company’s stock.
Hedge Funds Weigh In On Rivian Automotive
Several large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC lifted its position in Rivian Automotive by 3,500.0% in the 2nd quarter. MCF Advisors LLC now owns 1,800 shares of the electric vehicle automaker’s stock valued at $31,000 after purchasing an additional 1,750 shares during the last quarter. Ancora Advisors LLC acquired a new position in Rivian Automotive during the 2nd quarter valued at about $44,000. Oslo Pensjonsforsikring AS bought a new position in Rivian Automotive in the 1st quarter worth about $39,000. Osbon Capital Management LLC bought a new position in Rivian Automotive in the 4th quarter worth about $57,000. Finally, Continuum Advisory LLC bought a new position in Rivian Automotive in the 2nd quarter worth about $75,000. 66.25% of the stock is currently owned by institutional investors.
About Rivian Automotive
Rivian Automotive, Inc is an electric vehicle manufacturer focused on developing and producing vehicles designed for adventure, utility and commercial use. The company’s lineup includes the R1T electric pickup truck and R1S electric SUV, which feature all-electric powertrains, advanced driver-assistance technology and software-enabled vehicle systems.
Rivian also develops electric commercial vehicles, including delivery vans, along with vehicle software, charging solutions and related services.
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