LiveWire Group (NYSE:LVWR) Posts Earnings Results

LiveWire Group (NYSE:LVWR) released its quarterly earnings data on Thursday. The company reported ($0.09) EPS for the quarter, Zacks reports. The firm had revenue of $9.11 million for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.

LiveWire Group Stock Up 90.3%

Shares of NYSE LVWR opened at $1.47 on Friday. The stock has a fifty day moving average price of $1.12 and a 200 day moving average price of $1.73. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62. LiveWire Group has a 12-month low of $0.65 and a 12-month high of $6.44. The company has a market cap of $299.36 million, a P/E ratio of -3.96 and a beta of 1.71.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On LiveWire Group

Large investors have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of LiveWire Group by 9.0% during the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock valued at $253,000 after purchasing an additional 4,750 shares during the period. Wells Fargo & Company MN increased its stake in LiveWire Group by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares during the period. Goldman Sachs Group Inc. lifted its holdings in LiveWire Group by 305.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after buying an additional 34,469 shares in the last quarter. UBS Group AG grew its stake in shares of LiveWire Group by 12.4% during the third quarter. UBS Group AG now owns 160,098 shares of the company’s stock valued at $760,000 after acquiring an additional 17,672 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LiveWire Group by 84.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock worth $92,000 after acquiring an additional 9,210 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.