Rivian Automotive (NASDAQ:RIVN) Stock Price Down 3.1% – Time to Sell?

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) dropped 3.1% during trading on Wednesday. The stock traded as low as $12.83 and last traded at $12.95. Approximately 23,325,581 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 29,249,797 shares. The stock had previously closed at $13.37.

More Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: Rivian reaffirmed its 2026 guidance, supporting the view that the company remains on track with its operating targets. One valuation analysis estimates the shares could be approximately 31% undervalued if the guidance is achieved. Rivian Automotive Could Be 31% Undervalued on Reaffirmed 2026 Guidance
• Positive Sentiment: The company is expanding its battery-recycling and site-energy-storage program. The initiative could improve resource efficiency, support sustainability goals and create longer-term cost or operational benefits. Rivian Expands Battery Recycling and Site Energy Storage Program
• Positive Sentiment: Rivian’s record deliveries and planned rollout of a more accessible model, including the R2 platform, could broaden demand and improve production scale. Investors are watching whether these developments can translate into stronger margins and profitable growth. Can Record Deliveries and the Accessible-Model Rollout Create Momentum?
• Neutral Sentiment: Mind Robotics, a robotics company spun out of Rivian, hired former Ford and Tesla executive Doug Field. His experience may enhance the spinoff’s prospects, but the appointment has no immediate, direct effect on Rivian’s vehicle sales or financial results. Mind Robotics Hires Former Ford EV Chief Doug Field
• Negative Sentiment: Recent market coverage highlighted Rivian’s continued decline relative to the broader market. Persistent selling suggests investors remain concerned about the company’s negative earnings, roughly 55% net margin loss and the challenge of reaching profitability. Rivian on Track to Log Losses for Seventh Straight Session

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on Rivian Automotive from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, July 31st. TD Cowen boosted their price target on Rivian Automotive from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their price target on Rivian Automotive from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft downgraded Rivian Automotive from a “buy” rating to an “underperform” rating in a research report on Tuesday, August 4th. Finally, UBS Group increased their price objective on Rivian Automotive from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.00.

Rivian Automotive Price Performance

The company’s fifty day moving average is $15.45 and its 200 day moving average is $15.80. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87. The stock has a market cap of $18.75 billion, a PE ratio of -5.02 and a beta of 1.62.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results on Thursday, July 30th. The electric vehicle automaker reported ($0.63) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.03. Rivian Automotive had a negative net margin of 54.96% and a negative return on equity of 73.90%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted ($0.97) earnings per share. Rivian Automotive’s revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rivian Automotive, Inc. will post -2.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael John Callahan sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider owned 1,001,776 shares of the company’s stock, valued at approximately $15,026,640. This trade represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire McDonough sold 13,144 shares of Rivian Automotive stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total transaction of $190,588.00. Following the transaction, the chief financial officer owned 827,201 shares in the company, valued at $11,994,414.50. The trade was a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 51,167 shares of company stock worth $788,306. Insiders own 1.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in Rivian Automotive in the second quarter worth about $49,915,000. Hsbc Holdings PLC boosted its position in shares of Rivian Automotive by 55.8% during the 1st quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after purchasing an additional 1,109,171 shares in the last quarter. USS Investment Management Ltd bought a new position in shares of Rivian Automotive during the 1st quarter valued at about $12,683,000. Andra AP fonden bought a new position in shares of Rivian Automotive during the 2nd quarter valued at about $6,923,000. Finally, Quantinno Capital Management LP boosted its position in shares of Rivian Automotive by 126.4% during the 1st quarter. Quantinno Capital Management LP now owns 471,963 shares of the electric vehicle automaker’s stock valued at $7,103,000 after purchasing an additional 263,478 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

About Rivian Automotive

Rivian Automotive, Inc is an electric vehicle manufacturer focused on developing and producing vehicles designed for adventure, utility and commercial use. The company’s lineup includes the R1T electric pickup truck and R1S electric SUV, which feature all-electric powertrains, advanced driver-assistance technology and software-enabled vehicle systems.

Rivian also develops electric commercial vehicles, including delivery vans, along with vehicle software, charging solutions and related services.