LiveWire Group (NYSE:LVWR) Trading Up 6.8% – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price rose 6.8% during trading on Tuesday . The company traded as high as $4.55 and last traded at $4.53. Approximately 23,810 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,155,313 shares. The stock had previously closed at $4.24.

Analyst Upgrades and Downgrades

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

LiveWire Group Stock Up 7.1%

The company has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $4.48. The stock has a market cap of $926.11 million, a price-to-earnings ratio of -11.64 and a beta of 1.77.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in LiveWire Group by 82.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after buying an additional 3,042 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after acquiring an additional 3,167 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of LiveWire Group during the second quarter valued at approximately $35,000. Nuveen LLC acquired a new stake in LiveWire Group in the first quarter worth approximately $43,000. Finally, BNP Paribas Financial Markets increased its position in shares of LiveWire Group by 117.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after purchasing an additional 5,060 shares during the period. Institutional investors own 0.88% of the company’s stock.

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.