Rivian Automotive had a nice pop today and is currently up 3.48% we'll see if the cash keeps flowing in.
Currently RIVN isn't at a clear support/resistance line that seems tradable. Rivian Automotive hasn't shown a lot of strength recently, shareholders don't seem that energized about the asset's future prospects. RIVN might find some support at the 13.82 level, buyers might push the price back up from here. But it's not very clear what will happen.
The balance of viewpoints by the analysts is positive. The current Analysts Sentiment Score is 76.14. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-04-19 Barclays lowered their price target by -16.67% to $10.00. Needham & Company LLC dropped their price target by -27.78% to $13.00 on 2024-04-18. UBS Group upgraded from Sell to Neutral on 2024-04-16 and provided a price target of $9.00. On 2024-04-12 there was confirmation of the previous rating by Truist Financial which was Hold and added a price target of $11.00. Morgan Stanley announced a lowering of their price target to $13.00 from $14.00 on 2024-04-04. Cantor Fitzgerald announced that they are reiterating a rating of Overweight on 2024-04-03 and they set their price target at $23.00. On 2024-04-02 there was confirmation of the previous rating by Deutsche Bank Aktiengesel which was Hold and added a price target of $15.00. Mizuho reiterated a rating of Buy on 2024-03-25 and added a price target of $12.00. Piper Sandler upgraded from Neutral to Overweight on 2024-03-15 and moved up their price target to $21.00 which is a 40% increase. Jefferies Financial Group initiated a rating of Buy on 2024-03-07 and provided a price target of $16.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| RIVN | 76.14 | 276.19 | -139.16 | 293.27 | -278.03 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| RIVN | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| RIVN | 10.41 | %15.1 | 2.6 | 19.404 | 99470000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| RIVN |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
