These are top 10 stocks traded on the Robinhood UK platform in July
In a challenging market environment, LVWR stock has reached a 52-week low, dipping to $3.21. According to InvestingPro data, technical indicators suggest the stock is currently in oversold territory, with a concerning market capitalization of $670 million. This price level reflects a significant downturn for the company, which has seen its stock value erode over the past year. Investors have been closely monitoring LVWR as it struggles to regain its footing, with the 1-year change data painting a stark picture: AEABridges Impact has reported a precipitous decline of -68.04% over the past year. The company’s financial health appears weak, with InvestingPro analysis revealing negative gross profit margins of -40.75% and rapid cash burn, though it maintains a healthy current ratio of 3.54. This substantial drop has raised concerns among shareholders and market analysts alike, as they consider the company’s future prospects and strategic responses to current market conditions, with the next earnings report due in just 5 days.
In other recent news, LiveWire Group has entered into a comprehensive services agreement with Harley-Davidson (NYSE:HOG). This strategic alliance, set to take effect in 2025, will see Harley-Davidson provide a broad range of services to LiveWire, including testing, development, regulatory support, and customer support. The financial terms of the deal involve a flat monthly fee for services, with a joint steering committee established to oversee service delivery and resolve any disputes.
LiveWire Group and KYMCO are also expanding their partnership to develop LiveWire’s first electric maxi-scooter, targeting the European market. This new development is expected to launch in the first half of 2026, extending LiveWire’s S2 product line into the maxi-scooter segment.
Meanwhile, Harley-Davidson reported a downturn in its Q3 2024 earnings, with a 13% drop in global retail sales of new motorcycles and a 26% decrease in consolidated revenue. The company’s electric vehicle division, LiveWire, adjusted its yearly unit expectations to 600-1,000 motorcycles in response to market difficulties. Despite these challenges, Harley-Davidson’s financial services saw a 10% increase in revenue. These are some of the recent developments for both LiveWire Group and Harley-Davidson.
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