LiveWire Group (NYSE:LVWR) Shares Gap Down – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.79, but opened at $4.64. LiveWire Group shares last traded at $4.69, with a volume of 1,729 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

LiveWire Group Trading Up 1.3%

The business has a fifty day moving average of $4.81 and a 200-day moving average of $4.57. The firm has a market cap of $946.51 million, a PE ratio of -11.90 and a beta of 1.76.

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

Institutional Trading of LiveWire Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC purchased a new stake in LiveWire Group in the 1st quarter worth approximately $43,000. Rhumbline Advisers increased its holdings in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after purchasing an additional 3,167 shares during the period. Geode Capital Management LLC raised its position in shares of LiveWire Group by 102.0% in the second 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. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of LiveWire Group in the second quarter worth $35,000. Finally, The Manufacturers Life Insurance Company bought a new stake in LiveWire Group during the second quarter valued at $60,000. Institutional investors own 0.88% of the company’s stock.

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.