LiveWire Group (NYSE:LVWR) Announces Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) posted its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $7.86 million for the quarter. LiveWire Group had a negative net margin of 217.01% and a negative return on equity of 252.42%.

LiveWire Group Stock Performance

Shares of NYSE:LVWR traded down $0.23 during midday trading on Friday, hitting $0.67. The company had a trading volume of 645,394 shares, compared to its average volume of 301,636. The company has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.57. The company has a market cap of $137.48 million, a price-to-earnings ratio of -1.86 and a beta of 1.62. The company has a debt-to-equity ratio of 6.44, a current ratio of 4.16 and a quick ratio of 3.41. LiveWire Group has a 12-month low of $0.65 and a 12-month high of $5.51.

Institutional Investors Weigh In On LiveWire Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in LiveWire Group in the 2nd quarter worth $1,331,000. GSA Capital Partners LLP purchased a new position in shares of LiveWire Group during the second quarter valued at about $114,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of LiveWire Group in the second quarter worth about $47,000. Institutional investors own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LVWR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research note on Thursday, October 15th. Wall Street Zen raised shares of LiveWire Group to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, LiveWire Group has a consensus rating of “Sell”.

LiveWire Group Company Profile

LiveWire Group, Inc is an electric-motorcycle company that develops, manufactures and sells motorcycles and related products under the LiveWire brand. Its portfolio includes fully electric motorcycles such as the LiveWire ONE, S2 Del Mar and S2 Mulholland, along with charging equipment, accessories, apparel and other merchandise.

The company’s motorcycles are designed for urban riding, commuting and recreational use, with a focus on connected technology, performance and reduced tailpipe emissions.