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

by · The Cerbat Gem

Shares of LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.79, but opened at $4.64. LiveWire Group shares last traded at $4.69, with a volume of 1,729 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, LiveWire Group has an average rating of “Sell”.

Check Out Our Latest Stock Report on LVWR

LiveWire Group Price Performance

The business’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.57. The firm has a market cap of $953.65 million, a price-to-earnings ratio of -11.99 and a beta of 1.76.

LiveWire Group (NYSE:LVWR – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $5.70 million for the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in 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 during the last quarter. Geode Capital Management LLC lifted its stake 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. UBS Group AG lifted its stake in shares of LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock valued at $760,000 after purchasing an additional 17,672 shares in the last quarter. Rhumbline Advisers grew its holdings 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 period. Finally, Nuveen LLC acquired a new stake in LiveWire Group during the 1st quarter worth approximately $43,000. 0.88% of the stock is owned by institutional investors and hedge funds.

About LiveWire Group

(Get Free Report)

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.

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