What's Going On With Rivian Automotive Stock?

RivianAutomotive, Inc. RIVN shares reached a new all-time low Thursday.  

What To Know:

Rivian's stock has fallen nearly 25% over the past month after the company released disappointing fourth-quarter financial results and first-quarter production numbers.

The company's production facility in Normal, Illinois is currently shut-down as the EV-maker implements changes to reduce materials costs for its R1S and R1T models. The factory is set to reopen after April 30, though the shutdown will impact the rest of year as the company scales production. 

Rivian is set to announce its first-quarter financial results after the market close on May 7 and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report losses of $1.16 per share and quarterly revenue of $1.13 billion.

RIVN Stock Forecast in 2030:

Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.

If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.

Using a trend line (see how to perform this function here), connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price – be it an outside influence or managerial decision making.

RIVN Price Action: According to Benzinga Pro, Rivian Automotive shares are down 7.35% at $9.50 at the time of publication Thursday.

Image: Courtesy of Rivian Automotive, Inc.