LiveWire Group (NYSE:LVWR) Sees Large Volume Increase – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR) shares saw an uptick in trading volume on Tuesday . 10,790,060 shares were traded during trading, an increase of 559% from the previous session’s volume of 1,636,797 shares.The stock last traded at $2.8120 and had previously closed at $2.43.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, LiveWire Group currently has a consensus rating of “Sell”.

LiveWire Group Stock Up 16.4%

The company has a debt-to-equity ratio of 2.62, a current ratio of 4.29 and a quick ratio of 3.60. The company has a market cap of $577.88 million, a price-to-earnings ratio of -7.67 and a beta of 1.71. The firm has a 50-day moving average price of $1.14 and a 200 day moving average price of $1.70.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $9.11 million for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of LiveWire Group by 82.0% during the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after purchasing an additional 3,042 shares during the period. Rhumbline Advisers boosted its stake in shares of LiveWire Group by 21.9% in the first 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 period. Barclays PLC grew its position in LiveWire Group by 9.0% during the fourth quarter. Barclays PLC now owns 57,312 shares of the company’s stock worth $253,000 after buying an additional 4,750 shares in the last quarter. BNP Paribas Financial Markets grew its holdings 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. Finally, Tower Research Capital LLC TRC increased its position 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 period. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.