LiveWire Group (NYSE:LVWR) Trading 29% Higher – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price shot up 29% during mid-day trading on Wednesday . The company traded as high as $2.6499 and last traded at $2.5150. 9,336,518 shares were traded during mid-day trading, an increase of 413% from the average daily volume of 1,821,407 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

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

LiveWire Group Price Performance

The firm has a market capitalization of $401.33 million, a PE ratio of -5.31 and a beta of 1.71. The stock’s 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $1.68. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%. The company had revenue of $9.12 million during the quarter.

Institutional Trading of LiveWire Group

Several large investors have recently added to or reduced their stakes in LVWR. Vanguard Group Inc. increased its position in LiveWire Group by 109.4% during the third 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 2nd 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 during the period. Rhumbline Advisers increased its holdings in shares of LiveWire Group by 244.0% during the 2nd 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. Goldman Sachs Group Inc. raised its position in shares of LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock valued at $202,000 after buying an additional 34,469 shares during the period. Finally, State of Wisconsin Investment Board lifted its holdings in LiveWire Group by 30.2% in the fourth quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after acquiring an additional 20,000 shares during the last quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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.