LiveWire Group (NYSE:LVWR) Releases Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) posted its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, Zacks reports. LiveWire Group had a negative net margin of 263.77% and a negative return on equity of 137.09%.

LiveWire Group Trading Down 5.1%

NYSE LVWR traded down $0.05 during mid-day trading on Thursday, hitting $0.86. The company’s stock had a trading volume of 97,594 shares, compared to its average volume of 289,136. LiveWire Group has a 52-week low of $0.65 and a 52-week high of $6.44. The stock’s fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $1.76. The company has a debt-to-equity ratio of 2.62, a current ratio of 4.29 and a quick ratio of 3.60. The firm has a market capitalization of $176.35 million, a P/E ratio of -2.33 and a beta of 1.71.

Institutional Investors Weigh In On LiveWire Group

Several large investors have recently made changes to their positions in LVWR. Barclays PLC boosted its holdings in LiveWire Group by 9.0% in the 4th quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after acquiring an additional 4,750 shares during the period. Wells Fargo & Company MN increased its stake in shares of LiveWire Group by 78.1% in the fourth quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after acquiring an additional 34,469 shares in the last quarter. UBS Group AG increased its position in shares of LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after purchasing an additional 17,672 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LiveWire Group by 84.6% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

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.