Is RIVN a good buy today

**Rivian Automotive (RIVN) does not present a strong buying opportunity today** based on the following analysis:

1. **Financial Performance**: Rivian's net income is negative, with a net loss of $1.1 billion and a diluted EPS of -$1.08 for the quarter ending September 30, 2024. The company's revenue has also declined by 34.63% year-over-year. These financial indicators suggest that Rivian is not currently profitable and is experiencing a decline in revenue.
|Ticker|Name|Date|Net Income YoY|Net Income|code|market_code|
|---|---|---|---|---|---|---|
|RIVN.O|Rivian Automotive|2023 Q4|11.723737666860128|-1.521E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q1|-7.190511489992588|-1.446E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q2|-21.92468619246862|-1.457E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q3|19.531821506949523|-1.1E9|RIVN|185|

|Ticker|Name|Date|Total Revenue YoY|Total Revenue|code|market_code|
|---|---|---|---|---|---|---|
|RIVN.O|Rivian Automotive|2023 Q4|98.34087481146304|1.315E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q1|82.1482602118003|1.204E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q2|3.300624442462088|1.158E9|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q3|-34.62976813762154|8.74E8|RIVN|185|

|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|code|market_code|
|---|---|---|---|---|---|---|
|RIVN.O|Rivian Automotive|2024 Q1|-2.0689655172413812|-1.48|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q2|-14.960629921259837|-1.46|RIVN|185|
|RIVN.O|Rivian Automotive|2024 Q3|24.999999999999993|-1.08|RIVN|185|

2. **Stock Price Movement**: Rivian's closing price on November 20, 2024, was $10.05, which is below both its resistance level of $10.47 and its 50-day moving average of $10.89. This could indicate a bearish trend in the stock's price.
|Ticker|Name|Date|Closing Price|Support Level|Resistance Level|code|market_code|
|---|---|---|---|---|---|---|---|
|RIVN.O|Rivian Automotive|20241120|10.05|9.9100|10.4700|RIVN|185|

|Ticker|Name|Date|Moving Average|code|market_code|
|---|---|---|---|---|---|
|RIVN.O|Rivian Automotive|20241120|10.1320|RIVN|185|

3. **Analyst Ratings**: The consensus rating for Rivian is "Neutral" with an average price target of $15.04, which is a 55.92% increase from the current stock price. This suggests that analysts believe the stock has potential for growth, but the neutral rating indicates uncertainty.

4. **Market Sentiment**: Rivian's stock has experienced significant volatility, with a surge after announcing a joint venture with Volkswagen but subsequently dropping. This volatility could be a sign of uncertainty among investors.
5. **Strategic Developments**: The joint venture with Volkswagen is a positive development, as it could provide Rivian with the necessary resources and partnerships to improve its prospects. However, the long-term success of this partnership and Rivian's ability to execute on its plans remain uncertain.
6. **Technical Indicators**: Rivian's technical indicators are mixed. The stock is currently trading below its 50-day moving average, which could be seen as a bearish signal. However, the stock has recently crossed above its 200-day moving average, which could indicate a potential bottom fishing opportunity.
7. **Debt and Cash Flow**: Rivian has a high debt-to-equity ratio of 0.93 and negative free cash flow of $2.51 billion. These financial metrics suggest that the company is heavily leveraged and may face challenges in generating cash.

In conclusion, while there is potential for growth based on the joint venture with Volkswagen and the consensus price target, the current financial performance, stock price trends, and uncertainty surrounding Rivian's ability to execute on its plans suggest that it is not a strong buy today. Investors should exercise caution and consider the risks associated with the stock.