Can We Be Bullish on RIVN Stock? An In-Depth Analysis
@Bullaroo:
Hey there, fellow investors! Today, let's examine Rivian Automotive, Inc. ( $Rivian Automotive, Inc.(RIVN)$ ). Given the hype surrounding electric vehicles (EVs) and Rivian's recent performance, it's natural to wonder if now is the right time to be bullish on RIVN stock. Let's break it down and see what the numbers and market sentiment reveal. Financial Performance First off, Rivian's financial performance has been a bit of a rollercoaster. As of January 3, 2025, RIVN stock closed at $16.49, a 24.45% jump from the previous day. That's eye-catching! However, the company reported a net loss of $5.52 billion for the trailing twelve months (TTM), despite generating a revenue of $4.55 billion. The revenue growth is encouraging, with forecasts predictin