Retail Investors Select Reverse Gear on Plunging Rivian Stock

Retail investors have selected the reverse gear in EV maker Rivian Automotive (RIVN) after it posted mixed Q1 earnings last week and saw its share price drop today.

Although financially, the results came in ahead of expectations with a revenue and EPS beat, Rivian’s share price was battered by investor concerns over its liquidity, particularly its spend on its new R2 platform.

At TipRanks, we can gauge exactly how retail investors who hold our Smart Portfolios are feeling about a stock. We do that through a tool called CrowdWisdom.

For Rivian, it shows that the number of investors holding it in their portfolios has decreased over the last three months.

Let’s see what it says, in detail, about Rivian.

Looking at the Crowd Wisdom page, we see that 0.6% of 859,470 smart portfolios now hold RIVN stock. Over the last 30 days, 0.3% more portfolios held RIVN stock. However, over the last 7 days there has been a 0.3% decrease.

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Investor sentiment in the RIVN stock is described as being Neutral, which is slightly below the sector average.

Some of the most optimistic have been investors aged under 35, with a 10.5% increase in RIVN holders in the last 30 days. This age bracket represents about a tenth of all RIVN investors.

The most pessimistic have been investors in the 35 to 55 age bracket with a 1.6% drop in RIVN holders in the last 30 days. This age bracket represents just over a half of all RIVN investors.

TipRanks data also shows what RIVN investors bought over the last 7 and 30 days. Top of the list is entertainment group Walt Disney (DIS), followed by Shopify (SHOP) and Datadog (DDOG).

Is RIVN a Good Stock to Buy Now?

On TipRanks, RIVN has a Moderate Buy consensus based on 10 Buy, 8 Hold and 4 Sell ratings. Its highest price target is $25. RIVN stock’s consensus price target is $18.09, implying a 24.25% upside.