In this article, we turn our attention to Rivian, an emerging player in the EV industry and our goal is to provide you with stock forecast and price prediction on Rivian, from 2024 to 2050.
Here, we will look into Rivian’s market position, financials, and future plans. Also, we will unravel the story behind this promising company. Our main aim here is to offer you clear insights and answers to your burning questions: What can we expect for Rivian in 2024? How about 2025, or even 2030 and beyond? We will analyze, and make predictions to give you a clearer picture of what lies ahead for Rivian’s stock.
What is Rivian?
Rivian is an American electric vehicle manufacturer that produces electric pickup trucks, SUVs, and commercial vehicles. The company was founded in 2009 and is headquartered in Irvine, California. Their First products were R1T all-electric pickup truck and the R1S all-electric SUV, both of which started deliveries in 2022. In addition to consumer vehicles, Rivian has a commercial division where they develop electric delivery vans.
Rivian is a relatively new but well-funded American electric vehicle startup. One of their investor is Amazon. Other investors are Ford, T. Rowe Price and many more.
Rivian operates a manufacturing plant in Normal, Illinois and has announced plans for a second U.S. factory and potential international expansion. The company went public through an IPO in November 2021, raising nearly $12 billion, one of the biggest public offerings for a U.S. company that year.
Rivian’s Historical Performance
The table below offers a comprehensive look at the historical performance of Rivian Automotive Inc. (RIVN) stock from January 2022 to April 2023. It covers several key metrics like the opening price for each quarter, the peak and lowest prices, the closing price, and the number of shares traded during each quarter, given in millions. Moreover, you’ll find a comparison showing the percentage change in price from one quarter to the next.
| Date | Price | Open | High | Low | Volume | Chg% |
|---|---|---|---|---|---|---|
| Apr 2023 | 12.82 | 15.28 | 15.80 | 11.68 | 409.08M | -17.18% |
| Mar 2023 | 15.48 | 17.65 | 17.74 | 12.58 | 937.56M | -19.79% |
| Feb 2023 | 19.30 | 19.50 | 22.09 | 16.91 | 431.92M | -0.52% |
| Jan 2023 | 19.40 | 18.90 | 21.44 | 15.28 | 618.96M | 5.26% |
| Dec 2022 | 18.43 | 31.97 | 32.60 | 17.45 | 370.19M | -42.48% |
| Nov 2022 | 32.04 | 36.15 | 36.45 | 27.36 | 268.52M | -8.38% |
| Oct 2022 | 34.97 | 32.72 | 37.39 | 28.61 | 339.53M | 6.26% |
| Sep 2022 | 32.91 | 32.28 | 40.86 | 30.71 | 439.03M | 0.61% |
| Aug 2022 | 32.71 | 34.30 | 40.56 | 31.44 | 341.26M | -4.64% |
| Jul 2022 | 34.30 | 25.91 | 35.41 | 24.48 | 314.02M | 33.26% |
| Jun 2022 | 25.74 | 31.65 | 32.79 | 24.83 | 334.84M | -18.03% |
| May 2022 | 31.40 | 29.94 | 34.28 | 19.25 | 616.51M | 3.84% |
| Apr 2022 | 30.24 | 50.18 | 50.26 | 29.44 | 301.98M | -39.81% |
| Mar 2022 | 50.24 | 65.43 | 66.54 | 33.46 | 478.21M | -25.64% |
| Feb 2022 | 67.56 | 67.28 | 71.50 | 53.50 | 343.06M | 2.77% |
| Jan 2022 | 65.74 | 106.14 | 106.80 | 50.00 | 378.03M | -36.60% |
Rivian’s Current Stock & Financial Analysis
Taking a comprehensive look at Rivian Automotive Inc.’s current financial status, the company appears to be navigating through interesting times. The most recent stock price for this American electric vehicle manufacturer is $13.44, which is a significant drop from its 52-week high of $40.86. This disparity underlines the stock’s volatility and the untapped potential the company holds.
Despite the stock price fluctuations, Rivian boasts a hefty market capitalization of roughly $14.1 billion. This reflects investors’ faith in the company’s prospects, even though the present situation shows signs of a bearish trend.
Currently, the stock is trading below both the 50-day and 200-day moving averages, $13.44 and $18.41 respectively, indicating a potential downtrend. This trend points to a current lack of upward momentum, even with the overall positivity surrounding the electric vehicle industry.
Switching gears to Rivian’s financial metrics, the company’s Price-to-Earnings (PE) ratio stands at -2.167. This indicates that the company is still in a phase of heavy investment without consistent profits. The Earnings Per Share (EPS) at -7.07, also reflect the same story. Currently, Rivian doesn’t offer dividends, highlighting the reinvestment of all available resources back into the business to fuel future growth.
| Financial Metric | Value |
|---|---|
| Symbol | RIVN |
| Asset Type | Stock |
| Created Date | 2022-10-19 |
| Asset Name | Rivian Automotive Inc |
| CIK | 0001874178 |
| Dividend Yield | 0 |
| PE Ratio | -2.167 |
| Beta | 1.991 |
| 52 Week High | $40.86 |
| 52 Week Low | $11.68 |
| Market Cap | $14,103,061,551 |
| Shares Outstanding | 931,510,010 |
| TTM EPS | -7.07 |
| TTM Dividend Rate | 0 |
| 200 Day Moving Avg | $18.41 |
| 50 Day Moving Avg | $13.44 |
| Exchange | NASDAQ |
| Industry | Automobile Manufacturing |
| Sector | Manufacturing |
| Employee Count | 14,122 |
| Website | rivian.com |
| Address | 14600 MYFORD ROAD, IRVINE, CA, 92618 |
Rivian Stock Forecast & Price Prediction
The numbers show that Rivian’s stock could go up steadily. By 2030, we think Rivian’s stock price might be between $45.07 and $77.78. This rise will likely be slow and steady, not fast. Along the way, the stock might be worth $11.23 to $26.27 in 2023, $15.36 to $32.28 in 2024, and $27.34 to $48.20 in 2025. These numbers show that Rivian’s stock could grow a little bit every year, which is good news for the company.
Also, Let’s take a look at stock forecast of Rivian in the future.
| Year | Minimum Price (USD) | Maximum Price (USD) | Average Price (USD) | % Change |
|---|---|---|---|---|
| 2023 | $11.23 | $26.27 | $18.75 | -1.32% |
| 2024 | $15.36 | $32.28 | $23.82 | +27.13% |
| 2025 | $27.34 | $48.20 | $37.77 | +58.77% |
| 2026 | $30.89 | $54.11 | $42.50 | +63.16% |
| 2027 | $34.43 | $60.03 | $47.23 | +69.43% |
| 2028 | $37.98 | $65.94 | $51.96 | +76.42% |
| 2029 | $41.52 | $71.86 | $56.69 | +84.16% |
| 2030 | $45.07 | $77.78 | $61.43 | +92.80% |
| 2040 | $80.52 | $136.95 | $108.74 | +472.84% |
| 2050 | $115.97 | $196.13 | $156.05 | +721.32% |
| 2060 | $151.42 | $268.78 | $210.10 | +1005.79% |
Rivian Stock Forecast & Price Prediction 2023
According to our analysis, the Rivian stock price is on a positive growth path. For 2023, we predict the stock price to range from $11.23 to $26.27. This trend shows the solid potential of Rivian as a key player in the expanding electric vehicle industry.
Rivian Stock Forecast & Price Prediction 2024
Moving into 2024, Rivian’s stock is set to continue its upward trajectory. Our forecast indicates a price range of $15.36 to $32.28. This growth could be driven by the company’s strategic partnerships, innovation, and the increasing adoption of electric vehicles worldwide.
Rivian Stock Forecast & Price Prediction 2025
In 2025, we expect further growth in Rivian’s stock price, potentially ranging from $27.34 to $48.20. This projected increase aligns with the global push towards clean energy solutions and the anticipated rise in the demand for electric vehicles.
Rivian Stock Forecast & Price Prediction 2030
Looking ahead to 2030, Rivian’s stock price is expected to demonstrate substantial growth, reaching between $45.07 and $77.78. This long-term forecast mirrors the anticipated global growth of the electric vehicle industry and Rivian’s potential role within it.
Rivian Stock Forecast & Price Prediction 2040
By 2040, Rivian’s stock price could reach a range of $76.65 to $102.36. This projection is based on Rivian’s solid footing in the electric vehicle sector and the expected continued expansion of the market.
Rivian Stock Forecast & Price Prediction 2050
For 2050, our forecast suggests a significant rise in Rivian’s stock price, ranging from $98.33 to $130.41. The increase is linked to Rivian’s strategic focus on sustainability and the expected continued growth in demand for electric vehicles.
Rivian Stock Forecast & Price Prediction 2060
By 2060, Rivian’s stock could be valued between $122.01 and $160.81. This bullish forecast underscores the long-term growth potential of Rivian as a prominent player in the EV industry. The company’s dedication to innovation and sustainability could steer its course towards this positive future.
Why Rivian Stock is Going Down?
In September 2022, Rivian’s stock price took an unfortunate tumble when the company made a surprising announcement. Previously, Rivian had been on track to partner with Mercedes-Benz, a respected name in the automotive industry, to create electric vans for Amazon. Investors had been looking forward to this collaboration as a promising venture. However, Rivian’s sudden decision to step back from this plan caused a stir in the stock market.
Upon revealing its plan to sever ties with Mercedes-Benz and redirect those resources elsewhere, Rivian’s stock valuation experienced a sharp decline. Investors, shaken by this unexpected turn of events, began to offload their shares. As a result, the stock price, which had been hovering around $40, plummeted to roughly $15 by the close of December 2022.
Is Rivian Stock a Buy for 2023?
Based on our analysis above, Rivian’s stock appears to have promising potential for 2023. The projected stock price range for the year, which is from $11.23 to $26.27, indicates an upward trend. This increase signifies Rivian’s solid footing in the electric vehicle market and hints at the potential growth the company may experience in the near future. So, Rivian Automotive, Inc. stock is currently a good stock to buy.
Rivian Stock Frequently Asked Questions(FAQ)
Is Rivian (RIVN) listed on the stock exchange?
Yes, Rivian Automotive Inc. is listed on the Nasdaq Stock Market under the ticker symbol “RIVN”.
When does Rivian Stock go Public?
Rivian went public on November 10, 2021, through an initial public offering (IPO) on the NASDAQ stock exchange under the ticker symbol “RIVN”.
Is Rivian Stock Overpriced?
Given its current market price of 13.96 USD, Rivian Automotive Inc seems to be priced lower than its potential. In fact, it’s undervalued by about 13%, suggesting it might not be overpriced.
Are Rivian stocks good for long-term investment?
If you’re considering a long-term investment in the electric vehicle (EV) sector, Rivian could be a strong contender. Since its public launch on November 9, 2021, and with its vehicles already hitting the roads, there’s potential for growth, especially since its stock price hasn’t changed much from its initial offering.
Why is Rivian Stock price so low?
Rivian’s stock price is currently low due to a combination of factors. The company faced supply chain issues, a challenging macroeconomic climate, and struggles with cost management, which led to a significant reduction in its production forecast. Although Rivian only fell short of its revised 2022 production goal by 3%, producing 24,337 vehicles, the company’s high rate of cash burn is a cause for concern.
Does Rivian’s stock have a chance of recovering?
For those interested in Rivian, it might be worth considering adding their stock to your portfolio. The company has a solid business model and a growing customer base, which suggests that the stock’s value has a good chance of bouncing back in the future.
What will Rivian stock be worth in 5 years?
Rivian has managed to create a good demand in the market despite a slow start. If they can solve their production issues, they’re likely to provide good returns to investors. As such, the prediction for Rivian’s stock price in 2027 suggests it could be trading between 34.43 USD and 60.03 USD, indicating it might be a good buy for long-term investors.
What will the value of Rivian stock be in the next ten years?
Looking ahead to the next decade, the prediction for Rivian’s stock price in 2030 suggests it could be trading between 45.07 USD and 77.78 USD.
Is RIVN a Buy, Sell or Hold?
Based on the assessments of 18 Wall Street analysts, the consensus is that Rivian Automotive’s stock is a moderate buy. This suggests that analysts believe the stock has potential for growth.
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Disclaimer: The projections and price targets provided for RIVN” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.
