LiveWire Group (NYSE:LVWR) Trading 2.6% Higher – Time to Buy?

by · The Markets Daily

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report)’s stock price traded up 2.6% on Monday . The stock traded as high as $1.50 and last traded at $1.4470. 135,735 shares were traded during mid-day trading, a decline of 3% from the average session volume of 139,414 shares. The stock had previously closed at $1.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on LVWR

LiveWire Group Stock Performance

The firm’s fifty day moving average price is $1.62 and its 200 day moving average price is $2.66. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $295.68 million, a price-to-earnings ratio of -3.91 and a beta of 1.68.

LiveWire Group (NYSE:LVWR – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative return on equity of 137.09% and a negative net margin of 263.77%.The business had revenue of $5.12 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

Several large investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board increased its stake in LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock worth $381,000 after buying an additional 20,000 shares during the period. Barclays PLC increased its stake in LiveWire Group by 9.0% during the 4th quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after buying an additional 4,750 shares during the period. Wells Fargo & Company MN increased its stake in LiveWire Group by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in LiveWire Group during the 4th quarter worth approximately $49,000. Finally, Goldman Sachs Group Inc. increased its stake in LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after buying an additional 34,469 shares during the period. 0.88% of the stock is owned by hedge funds and other institutional investors.

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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