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 January 23, 2025, RIVN stock price declined to $12.49 with 36,060,790 million shares trading.

RIVN has a beta of 0.96, meaning it tends to be less sensitive to market movements. RIVN has a correlation of 0.02 to the broad based SPY ETF.

RIVN has a market cap of $12.43 billion. This is considered a Large Cap stock.

Last quarter Rivian Automotive - Class A reported $874 million in Revenue and -$.99 earnings per share. This fell short of revenue expectation by $-126 million and missed earnings estimates by -$.07.

In the last 3 years, RIVN traded as high as $71.50 and as low as $8.26.

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

RIVN has underperformed the market in the last year with a price return of -22.1% while the SPY ETF gained +27.6%. However, in the short term, RIVN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.1% vs +4.9% return in SPY. But in the last 2 weeks, RIVN shares have been beat by the market, returning -12.1% compared to an SPY return of +3.4%.

RIVN support price is $12.09 and resistance is $13.29 (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.