LiveWire Group (NYSE:LVWR) Shares Climb 1.6% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares shot up 1.6% during mid-day trading on Monday. The stock traded as high as $1.68 and last traded at $1.6760. Approximately 270,770 shares traded hands during trading, an increase of 68% from the average session volume of 160,991 shares. The stock had previously closed at $1.65.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LVWR. Wall Street Zen upgraded shares of LiveWire Group to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

LiveWire Group Stock Performance

The firm has a market capitalization of $329.69 million, a price-to-earnings ratio of -4.34 and a beta of 1.62. The company has a debt-to-equity ratio of 6.44, a current ratio of 4.16 and a quick ratio of 3.41. The firm has a 50 day moving average price of $1.43 and a 200-day moving average price of $1.59.

Hedge Funds Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently made changes to their positions in LVWR. BlackRock Inc. acquired a new position in shares of LiveWire Group during the second quarter worth about $1,331,000. Bank of New York Mellon Corp purchased a new stake in shares of LiveWire Group during the second quarter worth approximately $47,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of LiveWire Group during the second quarter worth approximately $114,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

LiveWire Group, Inc is an electric-motorcycle company that develops, manufactures and sells motorcycles and related products under the LiveWire brand. Its portfolio includes fully electric motorcycles such as the LiveWire ONE, S2 Del Mar and S2 Mulholland, along with charging equipment, accessories, apparel and other merchandise.

The company’s motorcycles are designed for urban riding, commuting and recreational use, with a focus on connected technology, performance and reduced tailpipe emissions.