LiveWire Group (NYSE:LVWR) Issues Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) posted its earnings results on Tuesday. The company reported ($0.09) EPS for the quarter, Zacks reports. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%. The business had revenue of $11.35 million during the quarter.

LiveWire Group Price Performance

LVWR stock opened at $2.23 on Wednesday. The firm has a market capitalization of $454.90 million, a P/E ratio of -5.72 and a beta of 1.78. The business’s 50-day moving average is $3.62 and its two-hundred day moving average is $4.19. LiveWire Group has a 1 year low of $0.93 and a 1 year high of $9.04.

Institutional Trading of LiveWire Group

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in LiveWire Group by 82.0% in 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 during the last quarter. Rhumbline Advisers raised its holdings in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares in the last quarter. BNP Paribas Financial Markets lifted 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 during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of LiveWire Group by 119.5% during the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after purchasing an additional 5,812 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in LiveWire Group in the second quarter valued at $60,000. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LiveWire Group currently has an average rating of “Sell”.

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.