LiveWire Group (NYSE:LVWR) Shares Up 6.8% – What’s Next?

Shares of LiveWire Group, Inc. (NYSE:LVWR) shot up 6.8% on Tuesday . The company traded as high as $4.55 and last traded at $4.53. 23,810 shares were traded during trading, a decline of 98% from the average session volume of 1,155,313 shares. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

LiveWire Group Stock Up 8.2%

The company has a market cap of $1.01 billion, a PE ratio of -12.65 and a beta of 1.76. The stock has a 50-day moving average of $4.81 and a 200-day moving average of $4.51.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.The business had revenue of $5.70 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in LiveWire Group by 109.4% in the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after buying an additional 285,850 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LiveWire Group by 102.0% during the 2nd quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after acquiring an additional 221,071 shares during the last quarter. UBS Group AG lifted its holdings in shares of LiveWire Group by 12.4% during the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after acquiring an additional 17,672 shares during the last quarter. Rhumbline Advisers grew its position in LiveWire Group by 244.0% in the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after acquiring an additional 43,080 shares in the last quarter. Finally, Nuveen LLC bought a new position in LiveWire Group in the first quarter valued at $43,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.