LiveWire Group (NYSE:LVWR) Trading Up 5.5% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price rose 5.5% during mid-day trading on Monday . The company traded as high as $6.79 and last traded at $6.54. Approximately 3,153 shares traded hands during trading, a decline of 88% from the average daily volume of 26,834 shares. The stock had previously closed at $6.20.

LiveWire Group Price Performance

The firm has a market capitalization of $1.31 billion, a P/E ratio of -11.44 and a beta of 0.95. The firm’s 50 day moving average is $6.28 and its two-hundred day moving average is $6.83.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%. The company had revenue of $6.45 million for the quarter.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

About LiveWire Group

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.