LiveWire Group (NYSE:LVWR) Stock Price Down 5% - What's Next?

Key Points

• The stock price of LiveWire Group (NYSE:LVWR) fell by 5%, trading as low as $4.50 during mid-day trading, with significant decline in trading volume.
• Wall Street Zen upgraded LiveWire Group's rating from "sell" to "hold" in early August, suggesting a potential shift in market sentiment.
• LiveWire Group's financial performance shows a negative net margin of 350.82% and a reported revenue of $5.87 million for the last quarter.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price dropped 5% during mid-day trading on Friday . The stock traded as low as $4.50 and last traded at $4.53. Approximately 10,008 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 1,456,422 shares. The stock had previously closed at $4.77.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of LiveWire Group from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.

LiveWire Group Stock Performance

The company's 50 day moving average price is $4.10 and its 200 day moving average price is $3.35. The company has a market cap of $922.72 million, a price-to-earnings ratio of -11.29 and a beta of 1.69.

LiveWire Group (NYSE:LVWR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported ($0.09) EPS 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVWR. Rhumbline Advisers lifted its position in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after buying 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 in the 2nd quarter valued at about $35,000. Nuveen LLC bought a new stake in shares of LiveWire Group in the 1st quarter valued at about $43,000. Tower Research Capital LLC TRC increased its stake in shares of LiveWire Group by 119.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company's stock valued at $49,000 after acquiring an additional 5,812 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in LiveWire Group during the 2nd quarter worth 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.

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