Rivian Stock Forecast and Prediction: RIVN Stock Keeps Sliding drops by 2%

Rivian Stock Forecast and Prediction: RIVN Stock Keeps Sliding drops by 2%
July 1st 2022, Rivian Stock Forecast: In the next trading session, the stock price of RIVN is expected to trade between $23.8 and $26.7
The Current Outlook for Rivian remains Negative
The Average Rivian Stock Prediction 2022 for the next 12 months is $63

Latest Rivian Stock Price

Share Volume5KLower
Forward P/E 1 Year-4.03N/A

Rivian Stock: Performance Analysis

Stock and Period5 days1 MonthYTD
Lucid-12.6%-13.0%-58.0%
TSLA-6.3%-10.1%-43.8%
NIO-1.7%+42.7%+48.9%
RIVN-14.5%-16.7%-74.9%

Rivian Stock Forecast: Short-term Outlook

IndicatorTrend
OverallNegative
1a. Market DataNegative
VolumeLower
Performance vs Peers (Last 5 Days)Lower
1b. TechnicalSell
2. Crowd’s WisdomNegative
Social Media Sentiment TrendLower
Google Search Trend (Weekly)Lower

Rivian Stock: Mutual Funds with Rivian Holdings

Mutual Fund Name12 months return
SPEDX – Alger Dynamic Opportunities Fund Class A-5.75%
American Funds AMCAP Fund-2.55%
American Funds Growth Fund of America-1.99%

Rivian Stock Prediction: Google Search Trend

Google Search volume for Rivian Stock is Lower since last week.

Read about Tesla Stock Forecast

Rivian Stock Prediction: Technical Analysis

SourceSupportResistanceRecommendation
Investing$24.30 (S3)$26.94 (R1)SELL
Barchart$23.30 (S3)$26.50 (R1)N/A

Rivian stock forecast 2022

Rivian Stock Forecast: RIVN Stock Tweet

Originally tweeted by Will Smith (@EyeingOptions) on June 30, 2022.

$RIVN watching for a bounce or a break below 25.50

FWeI4YGWIAIyqFO

Read: NIO Stock Forecast

Rivian Stock: Social Media Sentiment

PeriodLast 7 DaysLast 24 HoursTrend
Net Sentiment ($RIVN)-4.3%-10.8%Lower

Rivian Stock Prediction 2022 for the next 12 months, May 16th

AnalystNext 12 months’ forecast
Average of all Predictions$55
Barclays$24
Baird$67
BNP Paribas$26
Piper Sandler$108
RBC$77
Wedbush$30

Rivian Stock Forecast: CrowdWisdom360-Insights

Why are Rivian shares falling?

  • Despite the electric vehicle (EV) start-up, Rivian has announced some new progress this week
  • The stock continued to slide down by almost 10% off its share price
  • This extended slide of Rivian shares comes as the macroeconomic backdrop appears to make investors worrisome
  • With inflation concerns, rising interest rates, and anticipated global economic slowdowns, investors may be wondering whether Rivian will manage to survive. 
  • In addition, Investment bank Mizuho has lowered Rivian’s stock price, one year out, from $80 per share to just $70, and as of 1:20 p.m. ET, the shares are down currently down by 4.2%

Rivian Launches Three Fast Charging Sites

  • This week, Rivian opened three fast-charging sites, initially providing over 200 kilowatts of power
  • With this, Rivian drivers can add as much as 140 miles of range in just 20 minutes and create new opportunities for sustainable adventure. 
  • The first Rivian Adventure Network site is at Salida, Colorado, with four chargers and a pull-through charger.
  • The second and third Adventure Network sites are in Inyokern and Bishop, California. 

Why Should Rivian Stock Holders Be Cautious?

  • Rivian stock is constantly setting lower lows, pushing investors in pain from IPO day.
  • However, it doesn’t mean that RIVN stock is not worth it because the company is trying its best to recover. Even auto experts like Ford have lost a lot of money with it.
  • But investors should be cautious while investing because Wall Street has no proof of any success yet, a significant disadvantage that startups have. 
  • Moreover, the CBOE Volatility Index (INDEXCBOE:VIX) has been too high. 

Rivian Q1 Earnings Summary

  • Total Production: 2553 vehicles, Total Deliveries: 1227 vehicles
  • Revenue of $ 95m
  • Expenses including the cost of revenues at $1579m
  • Net loss per share $1.77

Vineet Agarwal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Rivian Stock Forecast

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