LiveWire Group Sees Unusually High Options Volume (NYSE:LVWR)

LiveWire Group, Inc. (NYSE:LVWR) saw unusually large options trading on Friday. Traders acquired 3,688 call options on the stock. This represents an increase of approximately 3,823% compared to the average daily volume of 94 call options.

LiveWire Group Trading Up 101.6%

Shares of LVWR traded up $0.78 during trading hours on Friday, hitting $1.55. The company had a trading volume of 80,797,773 shares, compared to its average volume of 772,766. The company has a quick ratio of 3.60, a current ratio of 4.29 and a debt-to-equity ratio of 2.62. LiveWire Group has a 52-week low of $0.65 and a 52-week high of $6.44. The firm has a market cap of $317.14 million, a P/E ratio of -4.04 and a beta of 1.71. The stock’s 50 day moving average price is $1.12 and its 200 day moving average price is $1.73.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative net margin of 263.77% and a negative return on equity of 137.09%. The firm had revenue of $9.11 million for the quarter.

Institutional Trading of LiveWire Group

Large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares during the period. Geode Capital Management LLC grew its holdings in LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock worth $2,014,000 after purchasing an additional 221,071 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of LiveWire Group during the second quarter valued at approximately $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of LiveWire Group by 84.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock valued at $92,000 after purchasing an additional 9,210 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of LiveWire Group by 119.5% in the 2nd 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 in the last quarter. 0.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.