LiveWire Group (NYSE:LVWR) Stock Price Up 5.2% – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) rose 5.2% during trading on Tuesday . The stock traded as high as $4.83 and last traded at $4.86. Approximately 11,041 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,094,004 shares. The stock had previously closed at $4.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

LiveWire Group Stock Up 4.7%

The firm has a market capitalization of $986.29 million, a PE ratio of -12.40 and a beta of 1.77. The company’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $4.50.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter. The company had revenue of $5.70 million during the quarter. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%.

Institutional Investors Weigh In On LiveWire Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in LiveWire Group by 109.4% during the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after purchasing an additional 285,850 shares in the last quarter. Geode Capital Management LLC raised its position in shares of LiveWire Group by 102.0% during the 2nd 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 last quarter. UBS Group AG lifted its stake in LiveWire Group by 12.4% in the 3rd quarter. UBS Group AG now owns 160,098 shares of the company’s stock valued at $760,000 after buying an additional 17,672 shares in the last quarter. Rhumbline Advisers lifted its stake in LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after buying an additional 43,080 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in LiveWire Group in the 1st quarter worth about $43,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.