LiveWire Group (NYSE:LVWR) Shares Down 8% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price fell 8% during mid-day trading on Tuesday . The stock traded as low as $2.45 and last traded at $2.4650. 136,266 shares changed hands during trading, a decline of 1% from the average session volume of 137,476 shares. The stock had previously closed at $2.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LiveWire Group currently has an average rating of “Sell”.

LiveWire Group Price Performance

The company has a market capitalization of $509.77 million, a P/E ratio of -6.75 and a beta of 1.78. The firm has a fifty day moving average price of $3.44 and a 200-day moving average price of $4.14.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($0.09) EPS for the quarter. The business had revenue of $11.35 million for the quarter. LiveWire Group had a negative return on equity of 94.41% and a negative net margin of 292.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in shares of LiveWire Group by 82.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after purchasing an additional 3,042 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in LiveWire Group during the second quarter valued at $35,000. BNP Paribas Financial Markets grew its holdings in LiveWire Group by 117.6% during the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after purchasing an additional 5,060 shares during the period. Tower Research Capital LLC TRC increased its position in LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after buying an additional 5,812 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of LiveWire Group in the fourth quarter valued at $49,000. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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.