Rivian Automotive, Inc. (Ticker: RIVN) is a U.S.–based electric vehicle (EV) and automotive technology company that designs, develops, manufactures, and sells battery-powered vehicles and related products. Headquartered in Irvine, California, Rivian is known for its electric pickup truck (R1T), SUV (R1S), and commercial vans, along with software services, charging infrastructure, and vehicle accessories. The company aims to serve both consumer and commercial markets with innovative EV platforms and is traded on the NASDAQ stock exchange under the ticker RIVN.
| Revenue (TTM) | $5.53B |
| Gross Profit (TTM) | $57.00M |
| EBITDA | $-3.03B |
| Operating Margin | -63.80% |
| Return on Equity | -65.70% |
| Return on Assets | -16.00% |
| Revenue/Share (TTM) | $4.55 |
| Book Value | $3.49 |
| Price-to-Book | 5.68 |
| Price-to-Sales (TTM) | 4.06 |
| EV/Revenue | 4.841 |
| EV/EBITDA | -1.96 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 11.40% |
| Shares Outstanding | $1.36B |
| Float | $784.40M |
| % Insiders | 35.32% |
| % Institutions | 39.44% |
Volatility is currently expanding
From a technical perspective, Rivian Automotive (RIVN) is looking like an interesting pick, as it just reached a key level of support. RIVN recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Rivian Automotive Inc. NASDAQ: RIVN likely hoped to complete its recent offering of 75 million Class A shares with as little fanfare as possible, but the market had other plans.
Mike Khouw revisits his Rivian trade after the stock tanks on a share offering.
Rivian's (NASDAQ: RIVN | RIVN Price Prediction) stock dropped 18% on news that it would issue new equity to pay off debt.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its previously announced underwritten public offering of 75,000,000 shares of its common stock at a public offering price of $15.50 per share, for total gross proceeds of approximately $1.2 billion, before deducting underwriting discounts and commissions and offering expenses payable by Rivian. In connection with the offering, Rivian has granted the underwriters a 30-day option to pu.
Rivian is burning through cash. Shareholders don't like dilution.
Rivian's stock is down 13% as Wall Street frets about the EV maker's cash troubles.
Rivian Automotive Inc (NASDAQ:RIVN) shares declined on Tuesday after the electric vehicle maker announced a public offering of common stock aimed at raising capital for general corporate purposes. The company said it has commenced an underwritten public offering of 75 million shares of common stock and expects to grant underwriters a 30-day option to purchase an additional 11.25 million shares.
Rivian Automotive Inc (RIVN) is sliding on Tuesday morning after the electric vehicle (EV) maker announced a sizable public offering of about 75 million shares. As sudden dilution fears take center stage, RIVN is reversing much of its recent gains from a stellar quarterly delivery report, reminding investors that its expansion plans remain rather expensive.
