LiveWire Group (NYSE:LVWR) Shares Down 4.9% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWRGet Free Report) shares were down 4.9% on Monday . The company traded as low as $5.89 and last traded at $5.68. Approximately 129,285 shares were traded during trading, a decline of 87% from the average daily volume of 973,538 shares. The stock had previously closed at $5.97.

LiveWire Group Stock Performance

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -13.62 and a beta of 1.73. The stock’s fifty day moving average is $2.15 and its two-hundred day moving average is $3.18.

LiveWire Group (NYSE:LVWRGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. The firm had revenue of $2.74 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently modified their holdings of LVWR. JPMorgan Chase & Co. lifted its position in shares of LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock worth $320,000 after purchasing an additional 36,357 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after buying an additional 5,968 shares in the last quarter. Wexford Capital LP acquired a new stake in LiveWire Group during the fourth quarter valued at approximately $87,000. Rhumbline Advisers lifted its holdings in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock worth $35,000 after buying an additional 3,167 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of LiveWire Group in the 1st quarter worth approximately $43,000. Institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

(Get Free Report)

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.

Further Reading

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