LiveWire Group (NYSE:LVWR) Stock Price Up 13.2% – Still a Buy?
by Teresa Graham · The Cerbat GemLiveWire Group, Inc. (NYSE:LVWR – Get Free Report) rose 13.2% on Friday . The stock traded as high as $2.52 and last traded at $2.65. Approximately 16,414 shares traded hands during trading, a decline of 88% from the average daily volume of 133,743 shares. The stock had previously closed at $2.34.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on LiveWire Group
LiveWire Group Trading Up 17.1%
The firm has a market capitalization of $558.93 million, a price-to-earnings ratio of -7.41 and a beta of 1.78. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $4.16.
LiveWire Group (NYSE:LVWR – Get Free Report) last posted its earnings results on Tuesday, February 10th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $11.35 million for the quarter. LiveWire Group had a negative return on equity of 94.41% and a negative net margin of 292.59%.
Hedge Funds Weigh In On LiveWire Group
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of LiveWire Group by 82.0% during the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after purchasing an additional 3,042 shares during the last quarter. Rhumbline Advisers boosted its position in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after buying an additional 3,167 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in LiveWire Group during the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets increased its position in LiveWire Group by 117.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after acquiring an additional 5,060 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in LiveWire Group in the 4th quarter valued at approximately $49,000. 0.88% of the stock is currently owned by institutional investors.
About LiveWire Group
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.