LiveWire Group (NYSE:LVWR) Stock Price Up 4.2% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price shot up 4.2% during mid-day trading on Monday . The company traded as high as $0.76 and last traded at $0.7250. Approximately 325,917 shares were traded during mid-day trading, a decline of 25% from the average session volume of 434,343 shares. The stock had previously closed at $0.6955.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LiveWire Group currently has an average rating of “Sell”.

LiveWire Group Trading Up 4.2%

The company has a quick ratio of 3.60, a current ratio of 4.29 and a debt-to-equity ratio of 2.62. The business’s fifty day moving average is $1.25 and its 200-day moving average is $1.94. The stock has a market capitalization of $148.15 million, a PE ratio of -1.96 and a beta of 1.71.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative return on equity of 137.09% and a negative net margin of 263.77%.The company had revenue of $5.12 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LVWR. Vanguard Group Inc. raised 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 valued at $2,598,000 after acquiring an additional 285,850 shares during the period. Geode Capital Management LLC lifted its holdings 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 valued at $2,014,000 after acquiring an additional 221,071 shares in the last quarter. UBS Group AG boosted its position in LiveWire Group by 12.4% during the 3rd 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. State of Wisconsin Investment Board boosted its position 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 worth $381,000 after purchasing an additional 20,000 shares during the period. Finally, Rhumbline Advisers boosted its position in LiveWire Group by 244.0% during the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after purchasing an additional 43,080 shares during the period. 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.