LiveWire Group (NYSE:LVWR) Stock Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• LiveWire Group shares fell below their 200-day moving average, trading as low as $0.87 and last changing hands at $0.91, compared with a 200-day average of $1.58.
• Analyst sentiment remains negative: LiveWire has an average MarketBeat rating of “Sell”, including a recent “sell” rating from Weiss Ratings and a “hold” upgrade from Wall Street Zen.
• The company reported a quarterly loss of $0.09 per share on $7.86 million in revenue, alongside a negative net margin of 234.48% and negative return on equity of 198.18%.

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.58 and traded as low as $0.87. LiveWire Group shares last traded at $0.91, with a volume of 2,504,944 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of LiveWire Group in a report on Thursday, October 15th. Wall Street Zen raised LiveWire Group to a "hold" rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, LiveWire Group currently has an average rating of "Sell".

LiveWire Group Trading Down 43.1%

The stock has a market capitalization of $186.92 million, a PE ratio of -2.46 and a beta of 1.62. The company has a current ratio of 4.16, a quick ratio of 3.41 and a debt-to-equity ratio of 6.44. The firm has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.58.

LiveWire Group (NYSE:LVWR - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $7.86 million during the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 198.18%.

Institutional Trading of LiveWire Group

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of LiveWire Group during the second quarter valued at approximately $1,331,000. Bank of New York Mellon Corp purchased a new stake in LiveWire Group in the second quarter worth $47,000. Finally, GSA Capital Partners LLP bought a new stake in LiveWire Group in the second quarter valued at $114,000. 0.88% of the stock is owned by institutional investors.

LiveWire Group Company Profile

LiveWire Group, Inc is an electric-motorcycle company that develops, manufactures and sells motorcycles and related products under the LiveWire brand. Its portfolio includes fully electric motorcycles such as the LiveWire ONE, S2 Del Mar and S2 Mulholland, along with charging equipment, accessories, apparel and other merchandise.

The company's motorcycles are designed for urban riding, commuting and recreational use, with a focus on connected technology, performance and reduced tailpipe emissions.

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