LiveWire Group (NYSE:LVWR) Issues Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) released its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, FiscalAI reports. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 198.18%. The business had revenue of $7.86 million for the quarter.

LiveWire Group Stock Down 21.1%

Shares of LVWR stock traded down $0.19 during mid-day trading on Friday, hitting $0.71. 489,536 shares of the stock traded hands, compared to its average volume of 1,458,050. LiveWire Group has a 52-week low of $0.65 and a 52-week high of $5.51. The stock has a market cap of $145.84 million, a P/E ratio of -1.92 and a beta of 1.62. The company has a debt-to-equity ratio of 6.44, a current ratio of 4.16 and a quick ratio of 3.41. The stock’s fifty day moving average is $1.43 and its two-hundred day moving average is $1.58.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds and other institutional investors have recently bought and sold shares of LVWR. BlackRock Inc. acquired a new position in LiveWire Group during the 2nd quarter valued at about $1,331,000. Bank of New York Mellon Corp acquired a new stake in LiveWire Group in the second quarter worth about $47,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of LiveWire Group during the second quarter worth about $114,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.

Analysts Set New Price Targets

LVWR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, October 15th. Wall Street Zen upgraded LiveWire Group to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

LiveWire Group Company Profile

LiveWire Group, Inc is an electric-motorcycle company that develops, manufactures and sells motorcycles and related products under the LiveWire brand. Its portfolio includes fully electric motorcycles such as the LiveWire ONE, S2 Del Mar and S2 Mulholland, along with charging equipment, accessories, apparel and other merchandise.

The company’s motorcycles are designed for urban riding, commuting and recreational use, with a focus on connected technology, performance and reduced tailpipe emissions.