LiveWire Group, Inc.’s (NYSE:LVWR) 400% Share Price Surge Not Quite Adding Up
LiveWire Group, Inc. (NYSE:LVWR) shareholders would be excited to see that the share price has had a great month, posting a 400% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 20% over that time.
After such a large jump in price, you could be forgiven for thinking LiveWire Group is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 48.4x, considering almost half the companies in the United States’ Auto industry have P/S ratios below 0.9x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
