What Is Rivian Automotive Inc?
Rivian Automatic Inc is an Electrical Vehicle Company of America. Established in Irvine, California, US . It was founded by Robert “RJ” Scaring in 2009.
The main focus of Rivian is to produce SUV-type vehicles and it also manufactures E- Vans for the largest E-commerce company like Amazon.
The company’s IPO was launched in Nov 2021 increasing by $13.5 billion USD. Investors invested in this company with a vision that Rivian could become a major competitor of TESLA.
Analytical Report :
- Market Cap – 29.25 B
- Enterprise Value -3.93 B
- 52 Week High -179.47 USD
- 52 Week Low -19.25 USD
- S&P500 52-Week Change -4.31%
- Price/Sales (TTM) – 84.53
- Price/Book (MRQ) 1.05
- Enterprise Value/Revenue : 71.37
- Enterprise Value/EBITDA -0.88
- 50/200 Day Moving Average – $29.92 / $57.98
Rivian Stock Price
Rivian stock price prediction for year 2025 is $185.35 as the primary target and $230.45 as the secondary target. By and large, in 2025, the Rivian stock price conjecture is it could go from $188.34 to $246.45.
These price prediction are attainable as interest for EV vehicles is expanding step by step and Rivian is getting results in laying out agreements for providing to different organisations.
Last year, Rivian secured an arrangement with Amazon for giving 100,000 electric conveyance vans, which pushed up interest for their electric vans.
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FAQ: People also ask:
Will Rivian Stocks Grow In The Future?
Yes, in the stock market you can’t say if it will grow or not as well. It all depends on the fundamentals of the company as well. 290,000 vehicle delivery is expected by 2025 with $25.8 billion in revenue. 701,918 vehicle delivery is expected by 2030 with $78.7 billion in revenue. So, from these figures, you can expect what could happen.