LiveWire Group (NYSE:LVWR) Shares Up 29% – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price was up 29% during mid-day trading on Wednesday . The company traded as high as $2.6499 and last traded at $2.5150. Approximately 9,336,518 shares were traded during mid-day trading, an increase of 413% from the average daily volume of 1,821,407 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

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

LiveWire Group Trading Up 29.3%

The company has a fifty day moving average of $1.16 and a two-hundred day moving average of $1.69. The company has a current ratio of 4.29, a quick ratio of 3.60 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $515.14 million, a price-to-earnings ratio of -6.59 and a beta of 1.71.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.The company had revenue of $9.12 million for the quarter.

Institutional Trading of LiveWire Group

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew 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 valued at $32,000 after buying an additional 3,042 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 5,060 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in LiveWire Group by 119.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after acquiring an additional 5,812 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in LiveWire Group during the fourth quarter valued at about $49,000. Finally, The Manufacturers Life Insurance Company bought a new stake in LiveWire Group during the second quarter valued at about $60,000. 0.88% of the stock is owned by 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.