LiveWire Group (NYSE:LVWR) Stock Price Up 12% – Time to Buy?
by Danessa Lincoln · The Markets DailyLiveWire Group, Inc. (NYSE:LVWR – Get Free Report)’s stock price was up 12% during trading on Thursday . The company traded as high as $2.81 and last traded at $2.89. Approximately 34,775 shares were traded during trading, a decline of 56% from the average daily volume of 79,916 shares. The stock had previously closed at $2.58.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, LiveWire Group presently has a consensus rating of “Sell”.
Read Our Latest Analysis on LVWR
LiveWire Group Stock Up 16.2%
The firm has a market cap of $611.36 million, a PE ratio of -7.68 and a beta of 1.77. The business has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $4.32.
LiveWire Group (NYSE:LVWR – Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%. The company had revenue of $5.70 million during the quarter.
Institutional Trading of LiveWire Group
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after acquiring an additional 285,850 shares during the last quarter. 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 in the last quarter. Rhumbline Advisers lifted its position in shares of 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 purchasing an additional 43,080 shares during the last quarter. UBS Group AG grew its stake in shares of 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 purchasing an additional 17,672 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of LiveWire Group during the second quarter worth $60,000. Institutional investors and hedge funds 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.