$Rivian Automotive, Inc.(RIVN)$ Rivian price to sales ratio is about 4 vs teslas at about 7. This is a metric used to value ev companies. When Rivian increases their sales to full capacity with both plants, which would be almost 600k vs the 50k now, applying the same low ratio of 4,that would mean that the stock price would be over 10x from current levels, or nearly $200 per share. Simple math but when Rivian gets to full production,good times ahead. Even if we just get to full production at the r1 plant, that would be 3x of current levels which puts the stock at a very reasonable $54 per share.

Now that we are above the 200 day moving average of $17.98 we will have a whole new crowd of buyers interested again.

# US Stocks Opportunities

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet