LiveWire Group (NYSE:LVWR) Sets New 12-Month Low – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $3.32 and last traded at $3.50, with a volume of 4081 shares. The stock had previously closed at $3.54.

LiveWire Group Price Performance

The stock has a market capitalization of $715.44 million, a PE ratio of -6.90 and a beta of 1.00. The company’s 50 day moving average price is $5.17 and its two-hundred day moving average price is $6.05.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. The firm 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 Buying and Selling

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 12,729 shares of company stock worth $76,841. Company insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its stake in LiveWire Group stock. Barclays PLC raised its stake in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.