|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's range||20.58 - 21.93|
|52-week range||11.68 - 37.39|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Rivian Automotive (NASDAQ: RIVN) first captured investors' attention back in 2019 when it struck a blockbuster deal with Amazon. Rivian agreed to supply the e-commerce titan with a whopping 100,000 electric delivery vans. Amazon no doubt saw the promise of Rivian's technology, as well as its potential to earn a sizable share of a global EV market that's set to top $900 billion by 2028, according to Statista.
The average brokerage recommendation (ABR) for Rivian Automotive (RIVN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
The electric vehicle (EV) segment of the auto industry has had some fine days on the stock market in recent times, but Tuesday wasn't necessarily one of them. Among the segment stocks getting dinged was pickup and SUV maker Rivan Automotive (NASDAQ: RIVN), which skidded to a more than 4% loss on the day, and truck specialist Nikola (NASDAQ: NKLA) with a nearly 3% slide. Early on Tuesday, influential Chinese EV company Nio announced that it is seeking to raise at least a cool $1 billion in financing.