LiveWire Group (NYSE:LVWR) Stock Price Down 8% – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR)’s stock price was down 8% on Tuesday . The company traded as low as $2.45 and last traded at $2.4650. Approximately 136,266 shares traded hands during trading, a decline of 1% from the average daily volume of 137,476 shares. The stock had previously closed at $2.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

LiveWire Group Price Performance

The firm’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $4.14. The stock has a market cap of $509.77 million, a price-to-earnings ratio of -6.75 and a beta of 1.78.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $11.35 million during the quarter. LiveWire Group had a negative return on equity of 94.41% and a negative net margin of 292.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LVWR. Russell Investments Group Ltd. raised its holdings 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 worth $32,000 after acquiring an additional 3,042 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in LiveWire Group during the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets raised its stake 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 worth $44,000 after purchasing an additional 5,060 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after purchasing an additional 5,812 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of LiveWire Group in the fourth quarter valued at approximately $49,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.