LiveWire Group (NYSE:LVWR) Shares Gap Up – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $2.18, but opened at $2.32. LiveWire Group shares last traded at $2.4850, with a volume of 35,507 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

LiveWire Group Stock Up 8.2%

The stock’s 50 day moving average is $3.76 and its 200 day moving average is $4.24. The firm has a market cap of $509.98 million, a price-to-earnings ratio of -6.44 and a beta of 1.78.

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

Institutional Investors Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG grew its stake in shares of LiveWire Group by 12.4% during the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after acquiring an additional 17,672 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after acquiring an additional 285,850 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in LiveWire Group by 84.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock worth $92,000 after purchasing an additional 9,210 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of LiveWire Group during the second quarter valued at about $60,000. Finally, Rhumbline Advisers lifted its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after acquiring an additional 43,080 shares in the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

About LiveWire Group

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.