LiveWire Group (NYSE:LVWR) Announces Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) announced its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. LiveWire Group had a negative net margin of 263.77% and a negative return on equity of 137.09%. The company had revenue of $9.11 million for the quarter.

LiveWire Group Trading Up 65.1%

Shares of LVWR stock opened at $1.27 on Friday. 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 has a market cap of $259.72 million, a price-to-earnings ratio of -3.43 and a beta of 1.71. LiveWire Group has a 1 year low of $0.65 and a 1 year high of $6.44. The firm has a fifty day moving average price of $1.12 and a 200-day moving average price of $1.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of LiveWire Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of LiveWire Group

Several hedge funds have recently bought and sold shares of LVWR. Vanguard Group Inc. grew its stake in shares of LiveWire Group by 109.4% during the 3rd quarter. Vanguard Group Inc. now owns 547,021 shares of the company’s stock valued at $2,598,000 after acquiring an additional 285,850 shares during the period. Geode Capital Management LLC boosted its position 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 worth $2,014,000 after purchasing an additional 221,071 shares during the period. Rhumbline Advisers increased its stake in shares of LiveWire Group by 244.0% in the second quarter. Rhumbline Advisers now owns 60,735 shares of the company’s stock worth $279,000 after purchasing an additional 43,080 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of LiveWire Group by 305.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 45,763 shares of the company’s stock valued at $202,000 after purchasing an additional 34,469 shares during the period. Finally, State of Wisconsin Investment Board lifted its stake in shares of LiveWire Group by 30.2% during the 4th quarter. State of Wisconsin Investment Board now owns 86,200 shares of the company’s stock valued at $381,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.