LiveWire Group (NYSE:LVWR) Trading Up 3.8% – What’s Next?

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

LiveWire Group Trading Down 1.6 %

The firm’s 50 day simple moving average is $6.20 and its 200 day simple moving average is $6.68. The firm has a market cap of $1.26 billion, a PE ratio of -12.80 and a beta of 0.95.

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

Hedge Funds Weigh In On LiveWire Group

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