Rivian Automotive is working with JPMorgan Chase on a potential high-yield bond sale, in part to refinance its upcoming debt, Bloomberg News reported on Friday, citing people familiar with the transaction.
Rivian Automotive (RIVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
After a weekend marked by Warren Buffett officially announcing his departure from Berkshire Hathaway, investors are reminded of the importance of disciplined, fundamentals-based investing. Now, perhaps more than ever, investors need to be diligent in an increasingly speculative market.
Shares of Rivian Automotive (NASDAQ:RIVN) lost 2.34% through a.m.
Here is how Rivian Automotive (RIVN) and Xos, Inc. (XOS) have performed compared to their sector so far this year.
Rivian Automotive, Inc. NASDAQ: RIVN is a key player in the electric vehicle (EV) market, and the company's stock is currently trading just below $20, marking a potential inflection point for investor consideration. Investors often analyze key moments (such as dropping below a multiple of 10) to differentiate volatility from fundamental changes in a company's growth strategy.
Shares of Rivian Automotive (NASDAQ:RIVN) gained 4.11% through a.m.
After reaching an important support level, Rivian Automotive, Inc. (RIVN) could be a good stock pick from a technical perspective. RIVN recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Rivian Automotive, Inc. has shown positive revenue growth and improved bottom line results, but its stock remains overpriced compared to other automotive companies, warranting a 'sell' rating. Despite a 20.1% stock increase since March, Rivian's shares are still down 10.4% since last June, underperforming the S&P 500. Rivian's automotive revenue declined by 17.4% due to a significant drop in vehicle deliveries, though software and services revenue saw impressive growth.
Rivian beat Q1 2025 EPS and revenue estimates by good margins last week. Despite weak Q1 deliveries and a downgraded FY 2025 outlook, Rivian's gross margins improved, supporting my hold rating. Rivian's unit economics continued to improve, and the EV firm reported its second consecutive quarter of positive gross profits.
Shares of Rivian Automotive Inc (NASDAQ:RIVN) are 2.9% lower to trade at $14.45, on track to snap a four-day win streak after a bear note from Jefferies.
Rivian lowered its 2025 delivery forecast to 40,000–46,000 vehicles, reflecting slowing production and demand, with Q1 deliveries down 39% QoQ and 36% YoY. Despite delivery headwinds, Rivian posted its second consecutive quarter of positive gross profit, with a 17% gross margin and $14,100 profit per vehicle, driven by significant cost reductions. Rivian maintains a strong cash position of $7.2 billion, representing 44% of its market valuation, which offers a meaningful downside cushion for investors despite ongoing free cash flow losses.