LiveWire Group (NYSE:LVWR) Trading Up 8% - Time to Buy?

Key Points

• LiveWire Group's stock price surged by 8% to $3.84 during recent trading, despite a significant decline in trading volume compared to its average.
• Analyst ratings for LiveWire Group were revised, with Wall Street Zen upgrading the stock from a "sell" to a "hold" rating.
• LiveWire Group reported a negative earnings per share of ($0.09) and a net margin of -350.82% in its last quarterly earnings release, highlighting ongoing financial challenges.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price rose 8% during trading on Monday . The company traded as high as $3.83 and last traded at $3.84. Approximately 34,702 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 1,679,799 shares. The stock had previously closed at $3.55.

Analyst Ratings Changes

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

LiveWire Group Stock Up 8.8%

The company has a 50 day simple moving average of $4.10 and a 200-day simple moving average of $3.01. The stock has a market capitalization of $835.33 million, a price-to-earnings ratio of -10.25 and a beta of 1.69.

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

Insider Transactions at LiveWire Group

In other news, Director John L. Garcia sold 56,559 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $6.47, for a total transaction of $365,936.73. Following the transaction, the director directly owned 2,698,722 shares of the company's stock, valued at $17,460,731.34. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jon Bekefy sold 8,088 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $8.14, for a total value of $65,836.32. Following the transaction, the insider directly owned 122,386 shares in the company, valued at $996,222.04. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,896 shares of company stock valued at $1,943,431. 2.05% of the stock is owned by insiders.

Hedge Funds Weigh In On LiveWire Group

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of LiveWire Group by 102.0% during the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock worth $2,014,000 after purchasing an additional 221,071 shares during the period. JPMorgan Chase & Co. grew its holdings in LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after buying an additional 36,357 shares in the last quarter. Rhumbline Advisers grew its holdings in LiveWire Group by 244.0% during the second quarter. Rhumbline Advisers now owns 60,735 shares of the company's stock worth $279,000 after buying an additional 43,080 shares in the last quarter. Nuveen LLC bought a new stake in LiveWire Group during the first quarter worth $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in LiveWire Group by 84.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company's stock worth $92,000 after buying an additional 9,210 shares in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

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.