How to Buy Rivian Stock 2023
Share
Rivian Automotive’s (RIVN 5.59%) public debut was one of the most anticipated of any electric vehicle company. Its initial public offering (IPO) was a success, as investors bid high enough to give the start-up company a valuation of over $150 billion.
Over the past months, a lot has happened. The company began production and began sales after building a large base of reservations. Rivian’s stock price has also declined to the point where the company’s market capitalization is now under $30 billion, so it’s a good time to buy Rivian stocks.
How to Buy Rivian Stock
- Step 1: Sign up for an eToro account – Visit the official eToro website and click on ‘Start Investing’ to open an account. Then, enter your details and log in.
- Step 2: Verification – Please ensure you have a valid ID and proof of address ready as eToro complies with KYC standards.
- Step 3: Deposit –You can deposit funds into your new account with a debit card, credit card, e-wallet, or bank transfer.
- Step 4: Search for Rivian Stock – Using the top toolbar or Navigator’s ‘Discover’ tab, you can find Rivian by typing its name.
- Step 5: Buy – If you click on the ‘Trade’ button located at the top right-hand side of the screen, you will be able to invest as little as $10 in Rivian stock.
Best Brokers To Buy Rivian Stock
You can buy Rivian stock in a way that suits you, depending on which online broker you use.
This article has selected two of the best stock trading platforms available today. eToro allows you to buy Rivian shares without paying a commission. In addition, their services are both well regulated.
By reading on, you will be able to figure out whether or not a broker is suitable for you.
eToro — The Cheapest and Safest Way to Buy Rivian Stock
When it comes to buying Rivian stock, eToro offers the best answer. eToro allows you to deposit as little as $10 with zero commissions and get access to Rivian shares. In addition, a spread fee of only 0.24% is charged to you.
eToro offers over 3,000 stocks to choose from. In addition, there are more than 900 international stocks listed on exchanges, such as Euronext Paris, the London FTSE, and the Hong Kong Stock Exchange. In addition, eToro offers access to the best biotech stocks, the best oil stocks, and the most undervalued stocks, to name a few.
Additionally, there are a variety of commodities, indices, forex, 67+ crypto coins, and 264 Exchange Traded Funds (ETFs). Beginners are especially attracted to ETFs since they can invest in various stocks simultaneously. In addition, the low cost of ETFs makes them a great way to spread investment risk.
The regulatory status of eToro makes it stand out amongst the best stock apps. In the United States, eToro is regulated by FinCEN and registered with FINRA. This broker is also regulated in Europe as well as in Australia.
eToro offers two great ways for beginners to get into social trading. First, social trading allows new investors to learn from others’ experiences.
The CopyTrader function on the eToro platform allows you to choose from thousands of traders, and the application will automatically copy the trades of the chosen trader for free.
You can enter a strategic position in a market in one go with one of eToro’s 70 Smart Portfolios. Rivian shares, for example, make up 3% of the BatteryTech Smart Portfolio. In order to invest in this holding, you will have the opportunity to invest in 30 electric vehicle companies at the same time, including Rivian rivals Nio, Tesla, and Li Auto, among others. There is a minimum investment amount of $500.
Here are some reasons to choose eToro:
- More than 25 million verified users
- Regulated by the SEC, FinCEN, and FINRA in the USA
- SIPC-insured up to $500k per investor
- 3,000 international stocks to choose from
- No commission on stock trades
- Spreads on NASDAQ shares are tight
- Deposits in USD for free
- Smartphone app for free
- Crypto/personal finance wallet for eToro Money
- CopyTraders and Smart Portfolios: Social Trading
| Number of Stocks: | 3000+ (international) |
| Pricing System: | No commission. Spread fee only |
| Cost of Buying Rivian: | A spread fee of just 0.24% |
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
What is Rivian?
In the rearview mirror of high-profile electric carmaker Tesla Inc (TSLA), Rivian Automotive was founded in 1995 by Robert “RJ” Scaringe. Yet, this privately held maker of electric pickup trucks and sport utility vehicles (SUVs) is rarely heard of outside the automotive industry.
Reuters reported that the electric vehicle maker filed for an initial public offering on Aug 27, 2021, for $80 billion. According to Bloomberg, Rivian expected to have an initial public offering (IPO) by mid-November.
As of Nov. 1, 2021, many reports indicated that Rivian would now seek a valuation ranging from $53 billion to somewhere over $60 billion. In 2021, the IPO could market as early as Monday, Nov. 8, and trade on NASDAQ under the ticker symbol RIVN.
A number of the most respected names in corporate America have contributed to the success of Rivian. It has raised a total of at least $10.5 billion from investors, including Amazon.com Inc. (AMZN), Ford Motor Co. (F), and investment management company T. Rowe Price Group, Inc. (TROW).4
Before the IPO, Amazon, Ford, and T. Rowe Price hold 20.2%, 13.0%, and 16.9% of the voting power in Rivian. Scaringe holds 11.0%.5
The New York Times reports that Amazon CEO Jeff Bezos, the world’s richest person at the time, visited Rivian’s headquarters in Plymouth, Michigan, in the fall of 2018 and was highly impressed when he met Scaringe, who founded the company in 2009 after earning a Ph.D. from MIT. As part of its “Climate Pledge,” Amazon announced that it would buy 100,000 Rivian vehicles for its cargo delivery fleet.
Rivian’s vehicles promise to improve durability and range. SUVs and pickup trucks are among the most profitable segments of the consumer vehicle market. Rivian’s skateboard platform, which has an electric motor for each wheel, is a key reason for Ford’s stake. According to Barron’s, Ford has been planning to increase its investment in electric vehicles for several years.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Rivian Stock Price & Price Prediction
Rivian’s stock price has fallen by over 60% since its IPO in 2021, from $78 to $28.75 today (6 June 2022).
Rivian’s Stellar IPO
Rivian went public in November 2021 with a hugely successful Initial Public Offering (IPO). 153m shares were sold at $78 each, valuing the company at over $66 billion. That is the biggest IPO in the US since 2014.
At the end of the first day of trading, each Rivian stock was worth $100, giving the company a market capitalization of $86bn, larger than that of Ford Motor Company, one of Rivian’s key backers, along with Amazon.
With almost £26 billion in value, Rivian is the third-largest EV maker globally by market capitalization. However, this company has achieved a premium valuation based on its future potential rather than any meaningful revenues.
Here are 3 key financial metrics for Rivian:
| Metric | Definition | Meaning |
| EPS (Earnings Per Share) | Profit divided by number of shares outstanding | Based on the number of outstanding shares, how much profit a company makes |
| Price/Earnings per Share Ratio | Price of a share divided by EPS | How much do the markets value the company |
| Debt-to-Equity Ratio | Liabilities divided by assets | How much debt the company is in |
Rivian EPS (Earnings Per Share): NA
Rivian does not have earnings per share. The reason is that the company is in the early stages of its commercialization. The company has been focusing on developing its products since its initial public offering in 2021 and is only now fielding them on the market. As a result, Rivian has only begun to generate revenue in the fourth quarter of 2021 ($1m) and the first quarter of 2022 ($54m pending confirmation).
It is generally better for a stock to have a higher EPS figure. For example, competitor Tesla will report $53bn in revenues in 2021, an impressive EPS of 7.3.
Rivian P/E Ratio: NA
As Rivian does not have a P/E ratio yet because it has yet to generate any earnings, it is similar to Rivian’s EPS situation. On the other hand, Tesla has a P/E ratio of 117. As a result, Tesla shares are highly valued. NIO, by contrast, has a P/E ratio of -15.5, meaning it is extremely cheap and perhaps even undervalued.
Rivian Stock Price Prediction
Will Rivian stock recover to its pre-IPO levels? MarketBeat compiled analyst price targets for the stock. Based on 18 analyst views, the consensus rating was ‘buy’ as of 16 May 2022. Twelve analysts rated the stock as a ‘buy,’ and six rated it as a ‘hold.’
MarketBeat did not provide Rivian automotive’s 12-month analysts’ consensus price target. However, analyst Daniel Ives of Wedbush lowered Rivian’s stock price target to $30 from $60 following its earnings announcement. In addition, Vijay Rakesh of Mizuho lowered his Rivian stock price projection from $90 to $80.
As of 16 May, the outlook for the Rivian share value was primarily bearish according to Wallet Investor’s algorithm-based share price prediction. In November 2022, the market data provider expected the stock price to drop to $0.000001 and remain there throughout 2023, 2024, 2025, and 2026 to May 2027. Rivian stock predictions for 2030 were not available on the website.
It is important to remember that analyst forecasts can be inaccurate when looking for Rivian stock predictions. In addition, previous performance does not guarantee future performance.
Make sure to conduct your research and keep in mind that your decision to trade depends on your risk attitude, your expertise in the market, and the size of your portfolio. Always avoid investing or trading money you cannot afford to lose.
Buy Rivian Stock with eToro
As automated verification technology becomes easier to use, it is easier to sign up for the best stock trading platforms.
Top broker eToro has the solution for those who want to buy Rivian stock without spending hours setting up a trading account.
Step 1: Open an Account and Upload ID
You will need to go to the eToro website as a first step. After that, you can create an account by filling out the form, or you can use your Gmail or Facebook account if you prefer.
Step 2: Confirm Identity
Since eToro is a regulated platform, it is required that you verify your identity in this step. The document proving your identity is the only document that needs to be attached.
You will need to confirm your address by providing a utility bill or a bank statement
Step 3: Deposit Funds
Payment methods available for instantly funding your eToro account include:
- Debit Card
- Credit Card
- Paypal
- Skrill
- Neteller
The deposit process can also be delayed by a few days using bank transfers.
Step 4: Search for Rivian Stock
On eToro, you will need to use the search field in the top left corner of the page to buy Rivian stocks. As you can see from the information below, we are looking for stocks with a ‘Rivian’ theme.
If you prefer, you can manually browse Rivian’s stocks by simply clicking on the ‘Trade Markets’ button
Step 5: Place a Trade
Rivian’s homepage has all the information and data you need to know about the company before deciding. Additionally, you can read your chat feed, where you will find any recent news that has been made about Rivian. You can also access powerful charting options here to use your knowledge of technical charting to make your Rivian price prediction.
Click on the blue ‘Trade’ button when you are ready to begin trading. That will open the buying dialogue box that appears below.
You can enter the amount of USD you wish to spend here. In addition, you can set leverage on your purchase, but this can be complex (not to mention risky), so it is not recommended for beginners.
Set Stop Loss
You can set a stop loss for your trade if the price falls dramatically so that you don’t lose too much money. When a certain price has been reached, the software will automatically close the trade.
Set Take Profit
In addition, you can set a ‘take profit price level to benefit from price spikes. The software will automatically close the trade if you set a take-profit level.
Open your Rivian Position
It is possible to set your stop loss and take profit levels later, or you may ignore them altogether. The moment you are satisfied with the details of your trade, you can close it by pressing the blue ‘Open Trade’ button. (If the NASDAQ has yet to open, you can select ‘Set Order’ instead, which will activate your trading instruction once the market opens.)
Almost certainly, your trade will be executed immediately. A notification will appear on your screen. It can be viewed in your eToro account.
How To Buy Rivian Stock – Conclusion
eToro has been honing its user-friendliness for several years now (since its launch in 2007). Either the desktop version or the smartphone app has a very streamlined and easy-to-use interface. New investors can diversify their portfolios by selecting international stocks and other financial assets. For both beginners and experienced traders, eToro’s commitment to Social Trading – with CopyTrader and Smart Portfolios – reduces the anxiety and effort associated with investing.
eToro – Overall Best Platform to Buy Rivian Stock
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
FAQs
Does Rivian stock pay dividends?
What is the Rivian stock symbol?
When did Rivian stock go public?
Is Rivian a good stock to buy?
What do analysts say about Rivian stock?
Jhonattan Jimenez
