LiveWire Group (NYSE:LVWR) Shares Gap Up – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) gapped up before the market opened on Monday . The stock had previously closed at $1.46, but opened at $1.60. LiveWire Group shares last traded at $2.94, with a volume of 22,847,941 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

LiveWire Group Stock Down 19.8%

The firm has a market cap of $398.26 million, a P/E ratio of -5.27 and a beta of 1.71. The company has a debt-to-equity ratio of 2.62, a quick ratio of 3.60 and a current ratio of 4.29. The firm’s fifty day moving average is $1.16 and its 200 day moving average is $1.69.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $9.11 million during 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

A number of large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in LiveWire Group by 82.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after purchasing an additional 3,042 shares during the period. Rhumbline Advisers increased its position in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after buying an additional 3,167 shares during the period. Barclays PLC lifted its holdings in shares of LiveWire Group by 9.0% during the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after buying an additional 4,750 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of LiveWire Group by 117.6% during the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after buying an additional 5,060 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after acquiring an additional 5,812 shares during the period. 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.