LiveWire Group (NYSE:LVWR) Trading 2.6% Higher – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares were up 2.6% on Monday . The stock traded as high as $1.50 and last traded at $1.4470. Approximately 135,735 shares traded hands during trading, a decline of 3% from the average daily volume of 139,414 shares. The stock had previously closed at $1.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

LiveWire Group Stock Performance

The stock’s 50-day simple moving average is $1.62 and its 200 day simple moving average is $2.66. 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 company has a market capitalization of $295.68 million, a PE ratio of -3.91 and a beta of 1.68.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative net margin of 263.77% and a negative return on equity of 137.09%. The firm had revenue of $5.12 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in shares of 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 buying an additional 3,042 shares during the last quarter. Rhumbline Advisers grew its position 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 buying an additional 3,167 shares during the last quarter. Barclays PLC grew its position in shares of LiveWire Group by 9.0% in the 4th quarter. Barclays PLC now owns 57,312 shares of the company’s stock valued at $253,000 after buying an additional 4,750 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of LiveWire Group by 117.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after buying an additional 5,060 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of LiveWire Group by 119.5% in 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. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.