LiveWire Group (NYSE:LVWR) Issues Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) released its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. LiveWire Group had a negative net margin of 320.10% and a negative return on equity of 90.76%.

LiveWire Group Stock Down 10.2%

NYSE:LVWR traded down $0.27 during midday trading on Tuesday, hitting $2.35. The stock had a trading volume of 37,592 shares, compared to its average volume of 142,855. LiveWire Group has a one year low of $0.93 and a one year high of $9.04. The company has a market capitalization of $478.36 million, a price-to-earnings ratio of -6.03 and a beta of 1.78. The stock has a 50-day moving average of $3.66 and a 200 day moving average of $4.20.

Analyst Ratings Changes

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

Institutional Investors Weigh In On LiveWire Group

Several institutional investors have recently added to or reduced their stakes in LVWR. Rhumbline Advisers raised its position in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after buying an additional 3,167 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company’s stock valued at $2,014,000 after purchasing an additional 221,071 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in LiveWire Group during the 2nd quarter worth about $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 buying an additional 9,210 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of LiveWire Group by 119.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,676 shares of the company’s stock valued at $49,000 after buying an additional 5,812 shares during the period. Institutional investors and hedge funds 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.