LiveWire Group (NYSE:LVWR) Trading 3.8% Higher – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR) was up 3.8% on Tuesday . The stock traded as high as $6.54 and last traded at $6.54. Approximately 2,166 shares traded hands during trading, a decline of 92% from the average daily volume of 25,899 shares. The stock had previously closed at $6.30.

LiveWire Group Trading Down 1.6 %

The stock has a market capitalization of $1.26 billion, a PE ratio of -12.80 and a beta of 0.95. The stock has a 50 day moving average price of $6.20 and a 200-day moving average price of $6.68.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results 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 firm had revenue of $4.45 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp boosted its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

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.