LiveWire Group (NYSE:LVWR) Announces Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) announced its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share 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 company had revenue of $7.86 million for the quarter.

LiveWire Group Stock Down 43.1%

LVWR traded down $0.69 during trading on Thursday, hitting $0.91. 2,504,944 shares of the company’s stock were exchanged, compared to its average volume of 1,462,808. The company has a quick ratio of 3.41, a current ratio of 4.16 and a debt-to-equity ratio of 6.44. The business’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.59. LiveWire Group has a fifty-two week low of $0.65 and a fifty-two week high of $5.54. The stock has a market cap of $186.92 million, a P/E ratio of -2.46 and a beta of 1.62.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of LiveWire Group in the second quarter valued at approximately $1,331,000. GSA Capital Partners LLP bought a new stake in LiveWire Group during the 2nd quarter worth approximately $114,000. Finally, Bank of New York Mellon Corp bought a new stake in LiveWire Group during the 2nd quarter worth approximately $47,000. 0.88% of the stock is owned by institutional investors.

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.