LiveWire Group (NYSE:LVWR) Trading Up 0.4% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price shot up 0.4% during trading on Thursday . The stock traded as high as $1.62 and last traded at $1.3750. 972,757 shares were traded during mid-day trading, a decline of 17% from the average session volume of 1,169,268 shares. The stock had previously closed at $1.37.

Analyst Ratings Changes

LVWR has been the topic of several research reports. Wall Street Zen upgraded LiveWire Group to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reissued 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 has an average rating of “Sell”.

LiveWire Group Price Performance

The firm has a market capitalization of $278.33 million, a PE ratio of -3.66 and a beta of 1.65. The company has a debt-to-equity ratio of 6.44, a quick ratio of 3.41 and a current ratio of 4.16. The business’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.49.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $9.12 million for the quarter. LiveWire Group had a negative return on equity of 198.18% and a negative net margin of 234.48%.

Insider Transactions at LiveWire Group

In other news, insider Jeremiah Nienhuis sold 10,732 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.38, for a total transaction of $25,542.16. Following the sale, the insider directly owned 110,608 shares in the company, valued at $263,247.04. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Karim Donnez sold 230,557 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $2.33, for a total transaction of $537,197.81. Following the completion of the sale, the chief executive officer directly owned 1,344,076 shares in the company, valued at approximately $3,131,697.08. The trade was a 14.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 241,505 shares of company stock valued at $563,226 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of LiveWire Group during the 2nd quarter valued at $1,331,000. Vanguard Group Inc. boosted its stake in LiveWire Group by 109.4% during the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after buying an additional 285,850 shares during the period. 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 valued at $2,014,000 after buying an additional 221,071 shares during the period. UBS Group AG grew its position in LiveWire Group by 12.4% during the third quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after buying an additional 17,672 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in LiveWire Group during the second quarter worth about $114,000. 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.