LiveWire Group (NYSE:LVWR) Trading 7.1% Higher - What's Next?

Key Points

• LiveWire Group's stock price increased by 7.1% during mid-day trading, reaching a high of $5.05 before closing at $5.13, although trading volume was significantly lower than average.
• Despite the stock's recent gains, analysts have mixed views, with Weiss Ratings maintaining a "sell" recommendation while Wall Street Zen upgraded it to a "hold," resulting in an average rating of "sell."
• The company reported a revenue of $5.87 million for the last quarter, but with a negative net margin of 350.82% and an EPS of ($0.09), indicating ongoing financial challenges.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price traded up 7.1% during mid-day trading on Friday . The stock traded as high as $5.05 and last traded at $5.13. 40,584 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,352,802 shares. The stock had previously closed at $4.79.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of LiveWire Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded LiveWire Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

LiveWire Group Stock Up 7.1%

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -12.82 and a beta of 1.73. The business has a 50 day moving average of $4.40 and a 200 day moving average of $3.64.

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

Institutional Trading of LiveWire Group

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

About LiveWire Group

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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