RIVN Stock Summary and Trading Ideas (Rivian Automotive - Class A | NASDAQ:RIVN)

Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).

Rivian Automotive - Class A trades on the NASDAQ stock market under the symbol RIVN.

As of September 30, 2024, RIVN stock price declined to $11.22 with 25,258,542 million shares trading.

RIVN has a beta of 1.30, meaning it tends to be more sensitive to market movements. RIVN has a correlation of 0.04 to the broad based SPY ETF.

RIVN has a market cap of $11.17 billion. This is considered a Large Cap stock.

Last quarter Rivian Automotive - Class A reported $1 billion in Revenue and -$1.13 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.08.

The top ETF exchange traded funds that RIVN belongs to (by Net Assets): VTI, VB, VBR, VXF, QCLN.

RIVN has underperformed the market in the last year with a price return of -53.8% while the SPY ETF gained +35.9%. RIVN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.4% and -15.0%, respectively, while the SPY returned +5.7% and +2.3%, respectively.

RIVN support price is $11.14 and resistance is $12.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RIVN shares will trade within this expected range on the day.