LiveWire Group (NYSE:LVWR) Shares Down 8.8% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price was down 8.8% during mid-day trading on Monday . The stock traded as low as $4.54 and last traded at $4.15. Approximately 19,413 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 17,264 shares. The stock had previously closed at $4.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

LiveWire Group Price Performance

The firm’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.47. The firm has a market cap of $861.86 million, a price-to-earnings ratio of -10.83 and a beta of 1.77.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $5.70 million during the quarter. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%.

Institutional Investors Weigh In On LiveWire Group

Several large investors have recently made changes to their positions in LVWR. Vanguard Group Inc. increased its position in shares of LiveWire Group by 109.4% during the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after purchasing an additional 285,850 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after buying an additional 221,071 shares in the last quarter. UBS Group AG increased its holdings in LiveWire Group by 12.4% during the third quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after buying an additional 17,672 shares during the last quarter. Rhumbline Advisers increased its holdings in LiveWire Group by 244.0% during the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after buying an additional 43,080 shares during the last quarter. Finally, Nuveen LLC bought a new stake in LiveWire Group during the first quarter worth $43,000. Institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

LiveWire Group Inc (NYSE: LVWR) is an independent electric vehicle manufacturer specializing in high-performance two-wheelers and innovative urban mobility solutions. Established as a wholly owned subsidiary of Harley-Davidson Inc in 2018, the company was spun off in September 2022 following a merger with a special-purpose acquisition company, commencing trading as LiveWire Group. Since then, LiveWire has focused on scaling its core electric motorcycle business and developing a new generation of connected, battery-powered vehicles.

LiveWire’s product lineup is anchored by its first production model, the LiveWire One, known for its rapid acceleration, long-range battery architecture and integrated connectivity features.