LiveWire Group (NYSE:LVWR) Shares Down 4.6% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price was down 4.6% on Friday . The stock traded as low as $4.46 and last traded at $4.4650. Approximately 5,853 shares changed hands during trading, a decline of 100% from the average daily volume of 1,235,551 shares. The stock had previously closed at $4.68.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. Wall Street Zen raised LiveWire Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

LiveWire Group Stock Down 3.3%

The firm’s fifty day moving average price is $5.04 and its 200 day moving average price is $4.09. The stock has a market cap of $922.11 million, a PE ratio of -11.59 and a beta of 1.74.

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

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased 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 worth $32,000 after buying an additional 3,042 shares during the period. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after acquiring an additional 3,167 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of LiveWire Group during the second quarter valued at approximately $35,000. Nuveen LLC purchased a new stake in shares of LiveWire Group in the first quarter valued at approximately $43,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of LiveWire Group by 117.6% in the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after purchasing an additional 5,060 shares during the period. Hedge funds and other institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.