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

LiveWire Group, Inc. (NYSE:LVWR) gapped down prior to trading on Monday . The stock had previously closed at $4.48, but opened at $4.19. LiveWire Group shares last traded at $4.1550, with a volume of 1,521 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LiveWire Group currently has a consensus rating of “Sell”.

LiveWire Group Price Performance

The company has a market cap of $852.67 million, a PE ratio of -10.72 and a beta of 1.76. The stock has a fifty day moving average price of $4.84 and a 200-day moving average price of $4.46.

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

Institutional Trading of LiveWire Group

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in LiveWire Group by 82.0% during the third 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 last quarter. Rhumbline Advisers increased its position in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after purchasing an additional 3,167 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after buying an additional 5,812 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of LiveWire Group during the 2nd quarter valued at about $35,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.