LiveWire Group (NYSE:LVWR) Shares Down 3.9% – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price dropped 3.9% on Tuesday . The stock traded as low as $1.60 and last traded at $1.6050. Approximately 95,173 shares traded hands during trading, a decline of 64% from the average daily volume of 263,209 shares. The stock had previously closed at $1.67.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

LiveWire Group Stock Performance

The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.95 and a current ratio of 4.63. The firm’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $3.92. The firm has a market capitalization of $307.33 million, a price-to-earnings ratio of -4.06 and a beta of 1.83.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $11.36 million for the quarter. LiveWire Group had a negative net margin of 292.59% and a negative return on equity of 105.53%.

Institutional Investors Weigh In On LiveWire Group

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of LiveWire Group by 109.4% in the third 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 221,071 shares during the last quarter. Rhumbline Advisers grew its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after buying an additional 43,080 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of LiveWire Group by 305.2% in 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 during the period. Finally, State of Wisconsin Investment Board raised its holdings in shares of LiveWire Group by 30.2% in the fourth quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after buying an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.