Battery maker tests SPAC-like hype on wrong grid [Reuters]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Reuters
Sure, Rivian Automotive (RIVN.O) is worth just shy of $100 billion even though it has only recently started selling its motors. But Australia-based Magnis Energy Technologies (MNS.AX) , at least, has been handed the regulatory equivalent of a speeding ticket. The A$528 million ($377 million) battery maker on Monday told investors that its operations and stakes in partners could at some point potentially be worth as much as A$10 billion , some 24 times more than presently, based on where established rivals like CATL (300750.SZ) trade. Three days later, the Australian Securities Exchange forced a retraction That might seem harsh considering the outlandishly optimistic hype investors in everything from Tesla (TSLA.O) to Joby Aviation (JOBY.N) are willing to buy into. But Magnis' projects are in various stages of development and revenue in the 12 months to June was a mere A$170,000, per Refinitiv. Its current worth, at more than 3,000 times the top line, is already electrifying enough
Show less
Read more
Impact Snapshot
Event Time:
RIVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RIVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RIVN alerts
High impacting Rivian Automotive, Inc. news events
Weekly update
A roundup of the hottest topics
RIVN
News
- Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Rivian Automotive, Inc. (RIVN) ShareholdersAccesswire
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses to Contact the FirmAccesswire
- Rivian Automotive, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before June 18, 2024 to Discuss Your Rights - RIVNAccesswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of June 18, 2024 in Rivian Automotive, Inc. Lawsuit - RIVNAccesswire
- UPS and FedEx's transition to electric vans slowed by battery shortages, low supply [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- RIVN's page on the SEC website