LiveWire Group (NYSE:LVWR) Trading Down 6.8% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shares were down 6.8% during trading on Friday . The stock traded as low as $2.79 and last traded at $2.76. Approximately 59,905 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 75,957 shares. The stock had previously closed at $2.96.

Analyst Upgrades and Downgrades

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

LiveWire Group Stock Performance

The company has a market cap of $564.03 million, a PE ratio of -7.09 and a beta of 1.77. The firm’s 50 day moving average is $4.29 and its 200-day moving average is $4.37.

LiveWire Group (NYSE:LVWR) last posted its quarterly 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 net margin of 320.10% and a negative return on equity of 90.76%.

Hedge Funds Weigh In On LiveWire Group

Several large investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after purchasing an additional 3,167 shares during the last quarter. Geode Capital Management LLC boosted its stake in LiveWire Group by 102.0% during the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after buying an additional 221,071 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of LiveWire Group during the second quarter valued at about $35,000. The Manufacturers Life Insurance Company purchased a new stake in shares of LiveWire Group in the 2nd quarter valued at approximately $60,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 9,210 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

About LiveWire Group

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.