LiveWire Group (NYSE:LVWR) Shares Gap Down – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.48, but opened at $4.19. LiveWire Group shares last traded at $4.1550, with a volume of 1,521 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, LiveWire Group currently has a consensus rating of “Sell”.

LiveWire Group Price Performance

The firm has a market capitalization of $852.67 million, a P/E ratio of -10.72 and a beta of 1.76. The firm’s fifty day moving average price is $4.84 and its 200-day moving average price is $4.46.

LiveWire Group (NYSE:LVWR) last released its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $5.70 million during the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LVWR. Nuveen LLC acquired a new stake in LiveWire Group in the 1st quarter valued at about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LiveWire Group by 84.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock worth $92,000 after purchasing an additional 9,210 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after purchasing an additional 43,080 shares in the last quarter. UBS Group AG lifted its stake in LiveWire Group by 12.4% during the third quarter. UBS Group AG now owns 160,098 shares of the company’s stock valued at $760,000 after purchasing an additional 17,672 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in LiveWire Group by 109.4% during the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after buying an additional 285,850 shares in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.