LiveWire Group (NYSE:LVWR) Shares Gap Up – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.88, but opened at $6.04. LiveWire Group shares last traded at $5.65, with a volume of 1,102 shares.

LiveWire Group Stock Up 0.8 %

The stock has a fifty day simple moving average of $6.30 and a 200-day simple moving average of $6.85. The company has a market capitalization of $1.21 billion, a P/E ratio of -12.64 and a beta of 0.95.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. The firm had revenue of $6.45 million for the quarter. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its position in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.