In a challenging market environment, LVWR stock has reached a 52-week low, dipping to $3.98. The significant downturn reflects broader market trends and has resulted in a stark 1-year change for AEABridges Impact, with the value plummeting by -63.97%. According to InvestingPro analysis, the company maintains a strong liquidity position, with a current ratio of 3.54 and more cash than debt on its balance sheet. This substantial decline over the past year has investors closely monitoring the stock, as it navigates through the volatile financial landscape. The current price level presents a critical juncture for LVWR, as stakeholders consider the company's future prospects and potential for recovery. With analysts setting a target price of $7.25 and earnings scheduled for February 5th, InvestingPro subscribers can access 12 additional investment tips and comprehensive financial health analysis to make informed decisions about LVWR's recovery potential.
In other recent news, LiveWire Group has entered into a comprehensive services agreement with Harley-Davidson (NYSE:HOG). The collaboration will see Harley-Davidson providing a range of services such as testing, development, regulatory support, and customer support to LiveWire. This move comes following LiveWire's negative EBITDA of $102.58 million in the last twelve months, according to InvestingPro.
LiveWire and KYMCO are also expanding their strategic partnership to develop LiveWire's first electric maxi-scooter, targeting the European market. This development is expected to launch in the first half of 2026, extending LiveWire's S2 product line into the maxi-scooter segment.
Harley-Davidson reported a downturn in its Q3 2024 earnings, including a 13% drop in global retail sales of new motorcycles and a 26% decrease in consolidated revenue. Despite these challenges, Harley-Davidson's financial services saw a 10% increase in revenue. The company has revised its full-year outlook due to these recent developments.
Harley-Davidson's electric vehicle division, LiveWire, adjusted its yearly unit expectations to 600-1,000 motorcycles in response to market difficulties. The company's operating income fell by 49% to $106 million, and earnings per share were down 34% to $0.91. In light of these results, the company anticipates a decrease in dealer inventory by 20% by the end of 2024 and a decline in HDMC revenue of 14% to 16%.
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