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Citigroup Trims LiveWire Group (NYSE:LVWR) Target Price to $7.25

LiveWire Group logo with Auto/Tires/Trucks background

LiveWire Group (NYSE:LVWR - Free Report) had its price objective cut by Citigroup from $7.75 to $7.25 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

LiveWire Group Price Performance

Shares of NYSE:LVWR traded up $0.10 during trading hours on Thursday, hitting $6.84. 53,367 shares of the company's stock traded hands, compared to its average volume of 25,309. LiveWire Group has a 1 year low of $5.71 and a 1 year high of $12.50. The business has a fifty day moving average price of $7.18 and a 200-day moving average price of $9.36. The firm has a market capitalization of $1.39 billion, a P/E ratio of -12.44 and a beta of 0.96.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.12) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 317.96% and a negative return on equity of 47.00%. The business had revenue of $4.98 million for the quarter.

LiveWire Group Company Profile

(Get Free Report)

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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