LiveWire Group (NYSE:LVWR) Shares Gap Down - Here's Why

Key Points

• LiveWire Group's stock price **gapped down** from $5.28 to $5.13 before opening, and it was trading at $5.23 with a volume of 10,240 shares.
• Wall Street Zen upgraded LiveWire Group from a **"sell"** rating to a **"hold"** rating, indicating a potential shift in analyst sentiment.
• Despite recent trading activity, LiveWire Group reported a **negative EPS** of ($0.09) and a substantial negative return on equity of **77.81%**.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.28, but opened at $5.13. LiveWire Group shares last traded at $5.23, with a volume of 10,240 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded LiveWire Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd.

LiveWire Group Stock Down 6.2%

The firm has a fifty day moving average of $3.98 and a 200 day moving average of $3.28. The stock has a market cap of $1.07 billion, a PE ratio of -13.15 and a beta of 1.69.

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

Hedge Funds Weigh In On LiveWire Group

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in shares of LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after acquiring an additional 3,167 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of LiveWire Group during the 2nd quarter valued at about $35,000. Nuveen LLC acquired a new position in shares of LiveWire Group during the first quarter worth approximately $43,000. Tower Research Capital LLC TRC boosted its position in shares of LiveWire Group by 119.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company's stock worth $49,000 after buying an additional 5,812 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of LiveWire Group in the second quarter valued at approximately $60,000. Institutional investors and hedge funds own 0.88% of the company's stock.

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.