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

Shares of LiveWire Group, Inc. (NYSE:LVWR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.00 and last traded at $4.08, with a volume of 96560 shares. The stock had previously closed at $4.39.

LiveWire Group Price Performance

The company’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $6.15. The firm has a market capitalization of $811.98 million, a PE ratio of -7.84 and a beta of 1.00.

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

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 12,729 shares of company stock worth $76,841 over the last three months. Insiders own 1.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Barclays PLC raised its position in shares of LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares during the period. JPMorgan Chase & Co. increased its stake in 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 last quarter. Finally, Bank of New York Mellon Corp raised its position in LiveWire Group by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after purchasing an additional 1,530 shares during the period. Hedge funds and other institutional investors 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.