LiveWire Group (NYSE:LVWR) Shares Gap Down – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.83, but opened at $4.62. LiveWire Group shares last traded at $4.78, with a volume of 3,215 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LVWR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of LiveWire Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, LiveWire Group has a consensus rating of “Sell”.

LiveWire Group Trading Up 2.6%

The company has a market capitalization of $1.01 billion, a P/E ratio of -12.77 and a beta of 1.74. The business has a 50 day moving average price of $4.99 and a 200 day moving average price of $4.08.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $5.70 million for the quarter. LiveWire Group had a negative return on equity of 82.47% and a negative net margin of 320.10%.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds and other institutional investors have recently made changes to their positions in LVWR. Vanguard Group Inc. boosted its stake in LiveWire Group by 109.4% in the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock worth $2,598,000 after purchasing an additional 285,850 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Rhumbline Advisers lifted its holdings in shares of LiveWire Group by 244.0% in the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock valued at $279,000 after purchasing an additional 43,080 shares in the last quarter. Nuveen LLC acquired a new position in shares of LiveWire Group during the first quarter worth about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of LiveWire Group by 84.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company’s stock worth $92,000 after buying an additional 9,210 shares in the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.