LiveWire Group (NYSE:LVWR) Stock Price Up 8% - Should You 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 traded up 8% during mid-day trading on Monday . The company traded as high as $3.83 and last traded at $3.84. 34,702 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 1,679,799 shares. The stock had previously closed at $3.55.

Analyst Ratings Changes

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 Price Performance

The firm has a market cap of $801.72 million, a PE ratio of -9.84 and a beta of 1.69. The business has a fifty day moving average price of $4.37 and a two-hundred day moving average price of $2.98.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $5.87 million during the quarter.

Insider Transactions at LiveWire Group

In other LiveWire Group news, insider Ryan Ragland sold 6,891 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $7.11, for a total value of $48,995.01. Following the completion of the sale, the insider owned 127,625 shares of the company's stock, valued at $907,413.75. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Karim Donnez sold 54,661 shares of LiveWire Group stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $5.50, for a total transaction of $300,635.50. Following the completion of the transaction, the chief executive officer directly owned 989,120 shares in the company, valued at approximately $5,440,160. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 276,896 shares of company stock valued at $1,943,431 in the last three months. 2.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LiveWire Group

Several institutional investors have recently added to or reduced their stakes in LVWR. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after buying an additional 3,167 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 5,812 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of LiveWire Group during the 2nd quarter worth approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 buying an additional 9,210 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in LiveWire Group in the 2nd quarter valued at about $60,000. 0.88% of the stock is owned by 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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