LiveWire Group (NYSE:LVWR) Sees Strong Trading Volume – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shares saw strong trading volume on Tuesday . Approximately 10,790,060 shares changed hands during mid-day trading, an increase of 559% from the previous session’s volume of 1,636,797 shares.The stock last traded at $2.8120 and had previously closed at $2.43.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LiveWire Group currently has a consensus rating of “Sell”.

LiveWire Group Stock Performance

The company has a quick ratio of 3.60, a current ratio of 4.29 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $515.14 million, a PE ratio of -6.81 and a beta of 1.71. The stock’s fifty day simple moving average is $1.18 and its 200-day simple moving average is $1.69.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $9.12 million for the quarter. LiveWire Group had a negative net margin of 234.48% and a negative return on equity of 161.65%.

Hedge Funds Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after purchasing an additional 221,071 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of LiveWire Group by 109.4% during 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 during the last quarter. UBS Group AG raised its stake 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 buying an additional 17,672 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock worth $381,000 after buying an additional 20,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after buying an additional 43,080 shares in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

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.