If you are wondering whether Rivian Automotive is starting to offer value after a volatile ride, this article will walk through what the current price might actually reflect.
The stock recently closed at US$17.06, with returns of an 11.2% decline over 7 days, a 3.2% decline over 30 days, a 12.1% decline year to date, but a 20.1% gain over the past year and 5.1% over three years.
Recent news around Rivian has focused on its position in the electric vehicle market and how investors are weighing that against sentiment around higher risk growth names. Together, this context helps explain why the share price has moved while longer term returns remain in positive territory.
On our checks, Rivian scores 2 out of 6 on valuation, as shown in…
