Rivian Automotive (NASDAQ: RIVN) is the latest high-profile electric vehicle (EV) automaker to release financial results, an event investors hoped would spark a recovery in the beaten-down stock. On August 5, Rivian shares closed at $12.15, down around 17% over the past 52 weeks.
Many Wall Street analysts have seen the stock as significantly undervalued, with recent price targets coming in as high as $18.
