LiveWire Group (NYSE:LVWR) Stock Price Up 13.2% – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price traded up 13.2% on Friday . The stock traded as high as $2.52 and last traded at $2.65. 16,414 shares were traded during mid-day trading, a decline of 88% from the average session volume of 133,743 shares. The stock had previously closed at $2.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LiveWire Group has a consensus rating of “Sell”.

LiveWire Group Stock Up 17.1%

The firm has a market cap of $558.93 million, a P/E ratio of -7.41 and a beta of 1.78. The business’s 50 day moving average is $3.54 and its two-hundred day moving average is $4.16.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($0.09) earnings per share for the quarter. The business 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%.

Hedge Funds Weigh In On LiveWire Group

Several institutional investors have recently added to or reduced their stakes in LVWR. Wells Fargo & Company MN grew its position in shares of LiveWire Group by 78.1% during the 4th quarter. Wells Fargo & Company MN now owns 40,179 shares of the company’s stock worth $178,000 after buying an additional 17,615 shares during the period. O Shaughnessy Asset Management LLC bought a new position in LiveWire Group during the fourth quarter worth $49,000. Goldman Sachs Group Inc. boosted its stake in LiveWire Group by 305.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock worth $202,000 after acquiring an additional 34,469 shares in the last quarter. UBS Group AG grew its holdings in LiveWire Group by 12.4% in the third quarter. UBS Group AG now owns 160,098 shares of the company’s stock worth $760,000 after purchasing an additional 17,672 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in 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 in the last quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

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.