LiveWire Group (NYSE:LVWR) Announces Earnings Results

LiveWire Group (NYSE:LVWR) issued its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 137.09% and a negative net margin of 263.77%.

LiveWire Group Price Performance

Shares of NYSE LVWR traded down $0.00 during trading on Thursday, hitting $0.91. The company had a trading volume of 42,583 shares, compared to its average volume of 288,688. The business’s 50-day moving average is $1.13 and its 200 day moving average is $1.76. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29. The company has a market cap of $185.54 million, a P/E ratio of -2.45 and a beta of 1.71. LiveWire Group has a 52 week low of $0.65 and a 52 week high of $6.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LVWR. State of Wisconsin Investment Board raised its holdings in shares of LiveWire Group by 30.2% during the fourth quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after acquiring an additional 20,000 shares during the period. Barclays PLC lifted its stake in LiveWire Group by 9.0% in the 4th quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after acquiring an additional 4,750 shares in the last quarter. Wells Fargo & Company MN boosted its position in LiveWire Group by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after acquiring an additional 17,615 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in LiveWire Group during the 4th quarter valued at about $49,000. Finally, Goldman Sachs Group Inc. grew its stake in LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock valued at $202,000 after acquiring an additional 34,469 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.