LiveWire Group, Inc.’s (NYSE:LVWR) 26% Share Price Plunge Could Signal Some Risk
Unfortunately for some shareholders, the LiveWire Group, Inc. (NYSE:LVWR) share price has dived 26% in the last thirty days, prolonging recent pain. For any long-term shareholders, the last month ends a year to forget by locking in a 78% share price decline.
Even after such a large drop in price, given around half the companies in the United States’ Auto industry have price-to-sales ratios (or “P/S”) below 0.8x, you may still consider LiveWire Group as a stock to avoid entirely with its 14.2x P/S ratio. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
