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How to Buy Rivian Automotive Stock

Rivian Automotive Inc

Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and sports utility vehicles.

Rivian Automotive stock last closed at $11.01, up 6.69% from the previous day, and has decreased 18.14% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.75 percentage points. Rivian Automotive stock is currently +33.29% from its 52-week low of $8.26, and -60.76% from its 52-week high of $28.06.

There are currently 995.32M shares of RIVN outstanding. The market capitalization of RIVN is $10.96B. In the last 24 hours, 30.89M RIVN shares were traded.

How to Buy Rivian Automotive Stock

Wondering how to invest in Rivian Automotive stock? Here's how.
  1. Choose where to buy Rivian Automotive stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Rivian Automotive stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your details.
  4. Evaluate Rivian Automotive stock: The Rivian Automotive ticker symbol is RIVN. Is Rivian Automotive stock a good investment? Should you buy shares of RIVN? How do RIVN's underlying business fundamentals look? Do top analysts think Rivian Automotive is a good buy? Why has RIVN's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if RIVN is a good stock to buy).
  5. Execute your RIVN purchase: Decide if you will purchase RIVN shares at the current market price or use a limit order to purchase RIVN stock at a given price.
  6. Get notifications regarding your RIVN investment: Create a watchlist to key updates about your investment in Rivian Automotive shares.

Step 1: Choose where to buy Rivian Automotive stock

You need an online brokerage account in order to access the NASDAQ market and buy RIVN shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to buy RIVN stock today.

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  2. Input your personal data to create your new brokerage account.
  1. Send your details by pressing the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you've created your account on a good stock buying app, you can securely and quickly fund your account:

Watch this video walkthrough for more details transferring money into your brokerage account.

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Step 4: Evaluate Rivian Automotive stock

Once you have chosen the best place to buy Rivian Automotive stock, it's critical to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.

Rivian Automotive stock data

RIVN Price
$11.01
1w %
0.46%
1y %
-18.14%
5y %
N/A
P/E
-1.9x
P/B
1.36x
P/S
2.16x
PEG
N/A
Revenue
$4.98B
Earnings
-$5.53B
Fore. Rev. Growth
25.24%
Fore. Earn. Growth
N/A
Market Cap
$10.96B
Next Earnings
Jun 27, 2024
Next Dividend
N/A

RIVN Zen Score

WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on RIVN's stock page.

Is RIVN stock undervalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RIVN's true value.

Using relative valuations ratios:

  • RIVN could be undervalued based on its P/B ratio of 1.36x, relative to Auto Manufacturers industry P/B ratio of 2.13x

You can do additional valuation research on RIVN's stock here.

How do RIVN Financials look?

Passed Financial Due Diligence Checks:

  • There are more short-term assets than short-term liabilities on the RIVN balance sheet.
  • RIVN has cash burn of 5611000000. It has enough cash and short-term investments to cover this for at least one year.
  • RIVN has $7.86B in cash and short term investments. This is enough to cover its annual cash burn of $5.61B.
  • There are more short-term assets than long-term liabilities on the RIVN balance sheet.

Failed Financial Due Diligence Checks:

  • RIVN profit margin has gone up by 1.82 percentage points in the past year, but the company is still unprofitable.
  • RIVN has a relatively high debt to equity ratio of 0.95.

Is Rivian Automotive stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 20 Wall Street analysts who give recommendations on RIVN, the consensus analyst rating on RIVN is a Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Latest RIVN Analyst Recommendations

Dan Levy, a bottom 19% analyst from Barclays maintains RIVN with a hold rating and lowers their RIVN price target from $12.00 to $10.00, on Apr 19, 2024.

Barclays's Dan Levy lowered their price target on Rivian Automotive (NASDAQ: RIVN) by 16.7% from $12 to $10 on 2024/04/19. The analyst maintained their Hold rating on the stock.

Rivian Automotive's decision to shelve construction of a factory in Georgia and focus on R2 has eased the urgency for funding rounds but delays the timeline for mass scale, Levy told investors.

The analyst reported that low demand for the R1 and commercial vans, along with the postponed R2 ramp, catalyzed Barclay's lower volume projections for the remainder of the decade.

Joseph Spak, a bottom 1% analyst from UBS upgrades RIVN to a hold rating and maintains their RIVN price target from $9.00 to $9.00, on Apr 16, 2024.

Adam Jonas, a top 4% analyst from Morgan Stanley maintains RIVN with a strong buy rating and lowers their RIVN price target from $14.00 to $13.00, on Apr 4, 2024.

Emmanuel Rosner, a top 21% analyst from Deutsche Bank maintains RIVN with a hold rating and maintains their RIVN price target from $15.00 to $15.00, on Apr 2, 2024.

Alexander Potter, a top 3% analyst from Piper Sandler upgrades RIVN to a strong buy rating and raises their RIVN price target from $15.00 to $21.00, on Mar 15, 2024.

You can dive deeper into what analysts are projecting on the Rivian Automotive stock forecast page.

Metrics for Advanced RIVN Traders

SMA10
11.11
SMA20
11.07
SMA50
10.21
SMA100
11.33
SMA200
15.29
MACD
0.09
MACD Signal
0.22
MACD Histogram
-0.13
RSI
52
Stochastic %K
15.63
Stochastic %D
18.66
StochRSI %K
14.8
StochRSI %D
8.61

RIVN Growth Metrics

Last year, RIVN revenue was $4.98B. In the past two year, RIVN's revenue has grown by 476.02% per year. This was faster than the Auto Manufacturers industry average of 28.83%.

Dig into RIVN's earnings and revenue performance here.

Latest Insiders Trades at RIVN

Over the last year, executives and large shareholders at RIVN have sold more shares than they have bought.

Robert J. Scaringe, Chief Executive Officer of RIVN, was the latest RIVN insider to sell. They sold $820,862.07 worth of RIVN shares on Jun 10, 2024.

Research more about who owns RIVN shares here.

Can I get consistent income from RIVN stock?

No, Rivian Automotive doesn't provide an income stream by paying out dividends.

Get opinions from other investors

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Execute your RIVN purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.

Hit the Open Trade button and your broker will execute the order.

If you need additional help investing in stocks on eToro, click the helpful video below:

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Step 6: Get notifications regarding your RIVN investment

Now that you own some shares in RIVN, you'll want to keep up with your new shares.

Make a watchlist to track the most important metrics related to your RIVN stock.

RIVN Feed

How to Buy Stock in Rivian Automotive

To summarize, here are the 6 steps you need to take to buy Rivian Automotive stock right now:

  1. Choose where to buy Rivian Automotive stock
  2. Create a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Rivian Automotive stock
  5. Execute your RIVN purchase
  6. Get notifications regarding your RIVN investment

If you need a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Rivian Automotive, add RIVN to your watchlist below.

NASDAQ: RIVN
$11.01+0.69 (+6.69%)
Updated Jun 24, 2024
Open eToro Account
NASDAQ: RIVN
$11.01+0.69 (+6.69%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Rivian Automotive share?

As of Jun 24, 2024, it costs $11.01 to buy one share of Rivian Automotive stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.454 shares of RIVN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Rivian Automotive stock?

According to 20 Wall Street analysts who monitor Rivian Automotive, their consensus recommendation is to buy Rivian Automotive stock.

What is the best way to buy Rivian Automotive stock?

One way to place an order for Rivian Automotive stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.