LiveWire Group (NYSE:LVWR) Trading 12% Higher – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s stock price traded up 12% during trading on Thursday . The stock traded as high as $2.81 and last traded at $2.89. 34,775 shares were traded during trading, a decline of 56% from the average session volume of 79,916 shares. The stock had previously closed at $2.58.

Analysts Set New Price Targets

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

LiveWire Group Price Performance

The stock has a fifty day moving average price of $4.05 and a two-hundred day moving average price of $4.30. The company has a market cap of $549.14 million, a P/E ratio of -6.90 and a beta of 1.77.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Tuesday, November 4th. The company reported ($0.10) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On LiveWire Group

A number of institutional investors and hedge funds have recently bought and sold shares of LVWR. Vanguard Group Inc. lifted its stake in shares of LiveWire Group by 109.4% in the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after acquiring an additional 285,850 shares during the period. Geode Capital Management LLC increased its stake in shares of LiveWire Group by 102.0% during the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after acquiring an additional 221,071 shares during the period. UBS Group AG lifted its position 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. Rhumbline Advisers boosted its stake in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LiveWire Group by 84.6% during the 2nd 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 in the last quarter. Institutional investors 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.