LiveWire Group (NYSE:LVWR) Sets New 12-Month Low – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.26 and last traded at $4.26, with a volume of 12242 shares traded. The stock had previously closed at $4.52.

LiveWire Group Stock Performance

The firm’s 50-day moving average is $5.48 and its 200 day moving average is $6.22. The firm has a market capitalization of $891.25 million, a PE ratio of -8.60 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.11) EPS for the quarter. The business had revenue of $4.45 million during the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Insider Transactions at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the completion of the sale, the chief executive officer now owns 456,772 shares in the company, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 12,729 shares of company stock worth $76,841 in the last ninety days. Insiders own 1.92% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Barclays PLC increased its position in shares of LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after acquiring an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. raised its position in LiveWire Group by 201.0% in the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after purchasing an additional 20,144 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of LiveWire Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock worth $362,000 after purchasing an additional 1,530 shares in the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.