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

LiveWire Group, Inc. (NYSE:LVWR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.26 and last traded at $4.26, with a volume of 12242 shares. The stock had previously closed at $4.52.

LiveWire Group Stock Performance

The company has a market cap of $865.85 million, a P/E ratio of -8.35 and a beta of 1.00. The firm’s fifty day moving average is $5.61 and its two-hundred day moving average is $6.26.

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

Insider Activity

In other 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 transaction of $55,672.10. Following the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 12,729 shares of company stock worth $76,841. 1.92% of the stock is currently owned by corporate insiders.

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVWR. JPMorgan Chase & Co. increased 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 acquiring an additional 20,144 shares during the period. Barclays PLC increased its position in shares of LiveWire Group by 289.1% during the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after acquiring an additional 19,474 shares during the period. Finally, Bank of New York Mellon Corp increased its position 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 worth $362,000 after acquiring an additional 1,530 shares during the period. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.