LiveWire Group (NYSE:LVWR) Sets New 52-Week Low – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price hit a new 52-week low during trading on Tuesday . The company 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 Price Performance

The firm has a market capitalization of $865.85 million, a PE ratio of -8.35 and a beta of 1.00. The stock’s 50-day moving average price is $5.61 and its 200 day moving average price is $6.26.

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

Insider Activity

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 12,729 shares of company stock worth $76,841. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings 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 valued at $362,000 after buying an additional 1,530 shares during the last quarter. Barclays PLC grew its holdings in shares of LiveWire Group by 289.1% during the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of LiveWire Group by 201.0% during the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after buying an additional 20,144 shares during the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.