Mario Tama/Getty Images News
Rivian Automotive (NASDAQ:RIVN) stocks were on track for their eighth consecutive session of losses on Friday, down 2.2% at $15.4.
The electric vehicle maker has lost nearly 1% over the past 12 months, compared to a gain of ~22% for the broader S&P 500 index. Short interest at RIVN it represents 15.5% of the total float.
Looking at Search Alpha's quantitative ratings, Rivian has a Hold rating with a score of 2.85 out of 5. The company received an A for growth and a B for reviews, but only managed a D for momentum.
As for the Wall Street community, 13 of 26 analysts rate the stock as a Strong Buy, five rate it as a Buy, and eight rate it as a Hold.
Searching Alpha analysts generally rate the stock as a Buy. According to SA analyst Gary Alexander, “electric vehicle stocks, including Tesla and Rivian Automotive, Inc., have been hit hard in 2024 due to concerns about weakening consumer demand and grid availability.” load”.
January has not been a favorable month for the company, with 11 sessions in the red and only one session in the green.
