Wondering if Rivian Automotive stock is actually good value at today’s price, or if the excitement has already been priced in? This article walks through the key numbers so you can judge that for yourself.
Rivian’s share price closed at US$15.20, with returns of a 7.7% decline over the last 7 days, a 26.5% decline over 30 days, a 21.7% decline year to date, a 22.4% gain over 1 year, and a 22.9% decline over 3 years.
Recent headlines around Rivian have focused on its position in the US electric vehicle space and how the market views its long term growth plans, which has kept investor attention on the stock. This backdrop helps explain why the share price has seen both strong 1 year gains and more recent pullbacks.
