LiveWire Group (NYSE:LVWR) Trading 2.6% Higher – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price shot up 2.6% on Wednesday . The stock traded as high as $1.75 and last traded at $1.7030. 167,801 shares traded hands during trading, a decline of 60% from the average session volume of 415,311 shares. The stock had previously closed at $1.66.

Analyst Upgrades and Downgrades

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

LiveWire Group Price Performance

The firm has a market cap of $347.99 million, a PE ratio of -4.60 and a beta of 1.81. The firm’s fifty day simple moving average is $1.96 and its two-hundred day simple moving average is $3.67. The company has a quick ratio of 3.95, a current ratio of 4.63 and a debt-to-equity ratio of 1.61.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Tuesday, February 10th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $11.36 million during the quarter. LiveWire Group had a negative return on equity of 105.53% and a negative net margin of 292.59%.

Institutional Investors Weigh In On LiveWire Group

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in shares of LiveWire Group by 305.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock valued at $202,000 after acquiring an additional 34,469 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 221,071 shares during the period. Vanguard Group Inc. grew its position in shares of LiveWire Group by 109.4% during the third quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after purchasing an additional 285,850 shares in the last quarter. UBS Group AG grew its position in shares of LiveWire Group by 12.4% during 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 in the last quarter. Finally, State of Wisconsin Investment Board raised its stake in LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.