LiveWire Group (NYSE:LVWR) Stock Price Down 3.9% – Here’s Why

Shares of LiveWire Group, Inc. (NYSE:LVWR) traded down 3.9% during trading on Thursday . The company traded as low as $5.30 and last traded at $5.3170. 34,713 shares traded hands during trading, a decline of 59% from the average session volume of 85,403 shares. The stock had previously closed at $5.53.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of LiveWire Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of LiveWire Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. 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 Stock Performance

The company’s 50 day moving average price is $4.81 and its 200-day moving average price is $3.89. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -13.29 and a beta of 1.73.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $5.87 million during the quarter. LiveWire Group had a negative return on equity of 77.81% and a negative net margin of 350.82%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LVWR. Nuveen LLC purchased a new position in shares of LiveWire Group in the first quarter worth approximately $43,000. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after acquiring an additional 3,167 shares in the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 221,071 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of LiveWire Group in the second quarter worth approximately $35,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of LiveWire Group in the second quarter worth approximately $60,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.