LiveWire Group (NYSE:LVWR) Shares Gap Down – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $4.61, but opened at $4.48. LiveWire Group shares last traded at $4.57, with a volume of 221 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LiveWire Group currently has a consensus rating of “Sell”.

LiveWire Group Stock Up 3.3%

The company has a market capitalization of $931.21 million, a price-to-earnings ratio of -11.71 and a beta of 1.77. The stock has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $4.49.

LiveWire Group (NYSE:LVWR) last posted 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 for 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

A number of hedge funds and other institutional investors have recently modified their holdings of LVWR. Nuveen LLC acquired a new position in shares of LiveWire Group in the first quarter valued at approximately $43,000. Rhumbline Advisers grew its stake in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after acquiring an additional 3,167 shares during the period. Geode Capital Management LLC grew its stake in LiveWire Group by 102.0% in the 2nd 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. Police & Firemen s Retirement System of New Jersey acquired a new position in LiveWire Group in the 2nd quarter valued at $35,000. Finally, The Manufacturers Life Insurance Company acquired a new position in LiveWire Group in the 2nd quarter valued at $60,000. 0.88% of the stock is currently 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.