LiveWire Group (NYSE:LVWR) Trading Down 6.4% – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR)’s share price fell 6.4% during trading on Friday . The company traded as low as $2.84 and last traded at $2.78. 12,440 shares were traded during mid-day trading, a decline of 85% from the average session volume of 81,381 shares. The stock had previously closed at $2.97.

Analysts Set New Price Targets

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

LiveWire Group Price Performance

The business’s 50-day moving average is $4.09 and its two-hundred day moving average is $4.31. The firm has a market cap of $557.91 million, a P/E ratio of -7.01 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) EPS for the quarter. The business had revenue of $5.70 million for the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.

Institutional Trading of LiveWire Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of LiveWire Group by 109.4% in the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after acquiring an additional 285,850 shares during the period. Geode Capital Management LLC raised its holdings in shares of LiveWire Group by 102.0% in the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after purchasing an additional 221,071 shares during the period. UBS Group AG lifted its stake in LiveWire Group by 12.4% in the 3rd 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. Rhumbline Advisers grew its holdings in LiveWire Group by 244.0% during the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after purchasing an additional 43,080 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in LiveWire Group by 84.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock worth $92,000 after buying an additional 9,210 shares during the last quarter. 0.88% of the stock is owned by institutional investors.

LiveWire Group Company Profile

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.