LiveWire Group (NYSE:LVWR) Stock Crosses Below 200-Day Moving Average – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $1.58 and traded as low as $0.87. LiveWire Group shares last traded at $0.91, with a volume of 2,504,944 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded LiveWire Group to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

LiveWire Group Stock Down 25.6%

The company has a quick ratio of 3.41, a current ratio of 4.16 and a debt-to-equity ratio of 6.44. The firm has a market capitalization of $137.48 million, a price-to-earnings ratio of -1.86 and a beta of 1.62. The stock has a 50 day moving average of $1.42 and a 200 day moving average of $1.57.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Thursday, October 29th. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 217.01% and a negative return on equity of 252.42%. The firm had revenue of $7.86 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of LiveWire Group in the 2nd quarter worth about $1,331,000. GSA Capital Partners LLP bought a new position in shares of LiveWire Group during the second quarter valued at approximately $114,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of LiveWire Group during the 2nd quarter worth approximately $47,000. 0.88% of the stock is owned by institutional investors and hedge funds.

About LiveWire Group

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.