LiveWire Group (NYSE:LVWR) Shares Gap Up – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.18, but opened at $2.32. LiveWire Group shares last traded at $2.4850, with a volume of 35,507 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LiveWire Group has an average rating of “Sell”.

LiveWire Group Stock Up 8.2%

The company has a market cap of $509.98 million, a PE ratio of -6.44 and a beta of 1.78. The company’s fifty day moving average is $3.76 and its 200-day moving average is $4.24.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position 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 last quarter. Rhumbline Advisers boosted its holdings 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 acquiring an additional 3,167 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in LiveWire Group during the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets raised 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 purchasing an additional 5,060 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake 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. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.