LiveWire Group (NYSE:LVWR) Stock Price Down 6.4% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) dropped 6.4% on Friday . The stock traded as low as $2.84 and last traded at $2.78. Approximately 12,440 shares changed hands during trading, a decline of 85% from the average daily volume of 81,381 shares. The stock had previously closed at $2.97.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, LiveWire Group presently has an average rating of “Sell”.

LiveWire Group Price Performance

The company’s 50-day simple moving average is $4.05 and its two-hundred day simple moving average is $4.30. The firm has a market capitalization of $549.14 million, a P/E ratio of -6.90 and a beta of 1.77.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LVWR. Russell Investments Group Ltd. grew its stake in shares of LiveWire Group by 82.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after acquiring an additional 3,042 shares during the period. Rhumbline Advisers lifted its holdings in LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of LiveWire Group in the second quarter worth approximately $35,000. BNP Paribas Financial Markets increased its stake in shares of LiveWire Group by 117.6% in the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock worth $44,000 after purchasing an additional 5,060 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of LiveWire Group by 119.5% in the second quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock worth $49,000 after purchasing an additional 5,812 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.