LiveWire Group (NYSE:LVWR) Shares Down 8.3% - What's Next?

Key Points

• LiveWire Group shares fell 8.3%, trading at $4.58, with a significant decline in volume, averaging only 30,545 shares traded compared to the usual 1.4 million.
• Analyst ratings show a consensus of "Sell" for LiveWire Group, with an upgrade to "Hold" by Wall Street Zen contrasted by a reissued "Sell" rating from Weiss Ratings.
• LiveWire Group reported revenue of $5.87 million for the last quarter, but suffered a negative net margin of 350.82% and a PE ratio of -11.48.

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) traded down 8.3% during mid-day trading on Tuesday . The company traded as low as $4.64 and last traded at $4.58. 30,545 shares traded hands during trading, a decline of 98% from the average session volume of 1,406,070 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded LiveWire Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a "sell (e+)" rating on shares of LiveWire Group in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

LiveWire Group Trading Down 7.9%

The firm has a market capitalization of $935.98 million, a PE ratio of -11.48 and a beta of 1.73. The company has a fifty day moving average price of $4.20 and a two-hundred day moving average price of $3.50.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative net margin of 350.82% and a negative return on equity of 77.81%. The firm had revenue of $5.87 million during the quarter.

Institutional Trading of LiveWire Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVWR. Geode Capital Management LLC raised its stake in LiveWire Group by 102.0% during the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock valued at $2,014,000 after acquiring an additional 221,071 shares during the last quarter. Rhumbline Advisers raised its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company's stock valued at $279,000 after acquiring an additional 43,080 shares during the last quarter. Nuveen LLC purchased a new stake in LiveWire Group during the 1st quarter valued at approximately $43,000. The Manufacturers Life Insurance Company purchased a new stake in LiveWire Group during the 2nd quarter valued at approximately $60,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in LiveWire Group by 84.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company's stock worth $92,000 after purchasing an additional 9,210 shares during the period. 0.88% of the stock is owned by hedge funds and other institutional investors.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.

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