LiveWire Group (NYSE:LVWR) Stock Price Up 5.2% – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price was up 5.2% during trading on Tuesday . The company traded as high as $4.83 and last traded at $4.86. Approximately 11,041 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,094,004 shares. The stock had previously closed at $4.62.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LiveWire Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, LiveWire Group presently has a consensus rating of “Sell”.

LiveWire Group Stock Up 4.7%

The company has a fifty day moving average of $4.77 and a 200 day moving average of $4.50. The company has a market cap of $986.29 million, a P/E ratio of -12.40 and a beta of 1.77.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Tuesday, November 4th. The company reported ($0.10) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 90.76% and a negative net margin of 320.10%.The firm had revenue of $5.70 million during the quarter.

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVWR. Russell Investments Group Ltd. boosted its stake in shares of LiveWire Group by 82.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,751 shares of the company’s stock worth $32,000 after acquiring an additional 3,042 shares during the last quarter. Rhumbline Advisers raised its holdings in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after purchasing an additional 3,167 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in LiveWire Group during the second quarter valued at $35,000. Nuveen LLC purchased a new position in LiveWire Group during the first quarter valued at $43,000. Finally, BNP Paribas Financial Markets grew its holdings in LiveWire Group by 117.6% during the third quarter. BNP Paribas Financial Markets now owns 9,363 shares of the company’s stock valued at $44,000 after purchasing an additional 5,060 shares during the period. 0.88% of the stock is 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.