LiveWire Group (NYSE:LVWR) Stock Price Down 6.4% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s stock price dropped 6.4% during mid-day trading on Friday . The stock traded as low as $2.84 and last traded at $2.78. Approximately 12,440 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 81,381 shares. The stock had previously closed at $2.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, the stock has a consensus rating of “Sell”.

LiveWire Group Stock Performance

The firm has a market cap of $557.91 million, a P/E ratio of -7.01 and a beta of 1.77. The stock’s 50-day moving average is $4.09 and its 200 day moving average is $4.31.

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

Institutional Trading of LiveWire Group

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in LiveWire Group by 109.4% in the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after buying an additional 285,850 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LiveWire Group by 102.0% during the second 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 period. Rhumbline Advisers lifted its position in LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after acquiring an additional 43,080 shares in the last quarter. UBS Group AG boosted its stake in LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after purchasing an additional 17,672 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in LiveWire Group during the 2nd quarter worth about $60,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.

About LiveWire Group

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.