LiveWire Group (NYSE:LVWR) Announces Earnings Results

LiveWire Group (NYSE:LVWR) issued its quarterly earnings data on Tuesday. The company reported ($0.09) EPS for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 105.53% and a negative net margin of 292.59%.

LiveWire Group Trading Down 5.9%

LVWR opened at $1.68 on Tuesday. The company has a quick ratio of 3.95, a current ratio of 4.63 and a debt-to-equity ratio of 1.61. The firm has a market cap of $342.27 million, a P/E ratio of -4.53 and a beta of 1.78. LiveWire Group has a 52 week low of $0.93 and a 52 week high of $9.04. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $3.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after buying an additional 3,167 shares during the period. Geode Capital Management LLC boosted its position 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 worth $2,014,000 after buying an additional 221,071 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in LiveWire Group during the 2nd quarter valued at about $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $92,000 after purchasing an additional 9,210 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after purchasing an additional 5,812 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.