LiveWire Group (NYSE:LVWR) Shares Gap Down – Here’s Why

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped down before the market opened on Friday . The stock had previously closed at $4.61, but opened at $4.48. LiveWire Group shares last traded at $4.57, with a volume of 221 shares.

Analyst Upgrades and Downgrades

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

LiveWire Group Trading Up 1.7%

The business’s fifty day moving average price is $4.67 and its 200 day moving average price is $4.50. The company has a market capitalization of $917.14 million, a P/E ratio of -11.56 and a beta of 1.77.

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

Institutional Trading of LiveWire Group

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in LiveWire Group by 82.0% during the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after acquiring an additional 3,042 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of LiveWire Group in the 2nd quarter worth about $35,000. BNP Paribas Financial Markets increased its position in shares of LiveWire Group by 117.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after purchasing an additional 5,060 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in LiveWire Group by 119.5% during the 2nd 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in LiveWire Group during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds 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.