by Rivian stock Price prediction: Rivian stock momentum is bearish, also moves sharply, and only gets positive for investments if the price crosses above $36.
Latest Earnings data analysis
In Rivian’s earnings statements for the third quarter of 2022, a $1.72 billion net loss occurs from operations, the net loss increased from the $1.23 billion reported a year earlier. $536 million in revenue were reported, but the revenue fell short of analysts’ projections of $551 million.
In the third quarter of 2022, Rivian reported high record production and delivery figures for the third quarter of 2022, producing 14,317 vehicles and shipping 6,584. As of November 7, 2022, Rivian has received more than 114,000 preorders from clients in the US and Canada, demonstrating the continued high demand for the R1 series of automobiles.
Rivian revealed that it will delay the launch of the more compact R2 cars platform from 2025 to 2026. Rivian’s R2 cars will be produced in the factory in Georgia.
According to Rivian CFO Claire McDonough, the company has $13.8 billion in cash at the end of the third quarter, down from $14.9 billion at the end of the second quarter. This amount is sufficient to support the company’s expanding operations through 2025.
CFRA calculates Rivian’s cost of goods sold at roughly $220,000 per vehicle compared to an average selling price of $81,000 in the quarter, this is a positive sign for company futures.
More Details about : Rivian Stock
Rivian Stock Technical Analysis
Can Rivian stock price reach $40 or fall to $19?
Currently, the price running at $22.48, which is down almost 87% down from the all-time high of $179.47(16 November 2021), The daily technical chart of Rivian RIVN indicates the Major trend running Bearish, also Short Term trend running Bearish.
In the daily chart of Rivian stock, Rivian has broken the important support of $24.50, now next support will at $19. The Nearest Resistance will be at $24.50, which was the support earlier, and then at $36.50. If the price is close, above $36.50 then only the short-term trend gets balanced and then the Stock price can reach $54.
Rivian Stock Forecast for the next 12 months
| Overall Analyst’s Average | $46.75 |
| RBC Capital | $50 |
| BNP Paribas | $39 |
| Deutsche Bank | $46 |
| Goldman Sachs | $41 |
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Rivian Stock Forecast Today
| Overall Weekly Outlook | Bearish |
| Market’s Sentiment | Bearish |
| Market Data | Neutral |
| Technical Indicators | Sell |
| HAK News | Bearish |
| Social Media Sentiment | Bearish |
Rivian Long-Term forecast, Prediction, and Target
Latest long-term Rivian stock forecast, prediction, and target, the Rivian stock price will likely touch $27 by the end of 2022 and then $46 in 2023, $74 in 2024, $98 in 2025, $273 in 2030, $473 in 2033, $1695 in 2040 and will be $6855 in 2050.
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