LiveWire Group (NYSE:LVWR) Trading 6.9% Higher – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) traded up 6.9% during trading on Tuesday . The company traded as high as $2.45 and last traded at $2.47. 9,231 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 40,843 shares. The stock had previously closed at $2.31.

LiveWire Group Price Performance

The stock has a market cap of $498.98 million, a price-to-earnings ratio of -5.34 and a beta of 0.94. The firm has a 50 day simple moving average of $3.85 and a two-hundred day simple moving average of $5.36.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Wednesday, February 5th. The company reported ($0.11) earnings per share for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%. During the same quarter in the prior year, the business posted ($0.16) EPS.

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction that occurred on 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 directly owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wexford Capital LP bought a new stake in LiveWire Group in the 4th quarter valued at $87,000. Barclays PLC lifted its holdings in shares of LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after purchasing an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $184,000 after buying an additional 20,144 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after buying an additional 5,968 shares in the last quarter. Institutional investors and hedge funds 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.