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

LiveWire Group, Inc. (NYSE:LVWR) shares gapped up before the market opened on Monday . The stock had previously closed at $1.46, but opened at $1.60. LiveWire Group shares last traded at $2.94, with a volume of 22,847,941 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of LiveWire Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

LiveWire Group Trading Up 84.5%

The company has a market capitalization of $550.49 million, a PE ratio of -7.22 and a beta of 1.71. The company has a debt-to-equity ratio of 2.62, a current ratio of 4.29 and a quick ratio of 3.60. The company’s fifty day moving average is $1.12 and its 200-day moving average is $1.71.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, July 23rd. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $9.11 million for the quarter. LiveWire Group had a negative return on equity of 161.65% and a negative net margin of 234.48%.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in LiveWire Group by 82.0% in the third quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock valued at $32,000 after purchasing an additional 3,042 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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. Tower Research Capital LLC TRC lifted its position in shares of LiveWire Group by 119.5% during the second 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 last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of LiveWire Group during the fourth quarter valued at about $49,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of LiveWire Group in the 2nd quarter valued at about $60,000. 0.88% of the stock is currently 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.