LiveWire Group (NYSE:LVWR) Stock Price Down 6.2% - Here's What Happened

Key Points

• LiveWire Group's stock fell 6.2%, trading as low as $5.24 and closing at $5.26, with a notable decline in trading volume of 91% compared to its average session volume.
• Analyst ratings improved slightly as Wall Street Zen upgraded the company's shares from a "sell" to a "hold" rating, indicating a cautious optimism about its performance.
• LiveWire Group reported a loss of ($0.09) earnings per share for the last quarter, with revenues of $5.87 million and a significant negative net margin of 350.82%.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price fell 6.2% during trading on Friday . The stock traded as low as $5.24 and last traded at $5.26. 128,098 shares changed hands during trading, a decline of 91% from the average session volume of 1,486,651 shares. The stock had previously closed at $5.61.

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 Performance

The business has a 50 day moving average of $4.01 and a two-hundred day moving average of $3.32. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -12.74 and a beta of 1.69.

LiveWire Group (NYSE:LVWR - Get Free Report) last released 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 firm had revenue of $5.87 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after acquiring an additional 3,167 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in LiveWire Group during the 2nd quarter worth approximately $35,000. Nuveen LLC purchased a new stake in shares of LiveWire Group in the first quarter worth approximately $43,000. Tower Research Capital LLC TRC lifted its holdings in shares of LiveWire Group by 119.5% in the second 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 in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of LiveWire Group during the second quarter valued at approximately $60,000. 0.88% of the stock is currently 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.