LiveWire Group (NYSE:LVWR) Trading 4.4% Higher

Posted by Trevor Kearing on Jul 4th, 2024

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) shot up 4.4% during trading on Tuesday . The stock traded as high as $7.55 and last traded at $7.55. 4,540 shares were traded during trading, a decline of 81% from the average session volume of 24,361 shares. The stock had previously closed at $7.23.

Analysts Set New Price Targets

Separately, Citigroup cut their price objective on shares of LiveWire Group from $7.75 to $7.25 and set a “neutral” rating on the stock in a research report on Thursday, May 9th.

Read Our Latest Research Report on LiveWire Group

LiveWire Group Trading Down 0.3 %

The company has a market capitalization of $1.52 billion, a PE ratio of -13.60 and a beta of 0.97. The stock’s 50-day moving average is $6.95 and its two-hundred day moving average is $8.51.

LiveWire Group (NYSE:LVWR – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.12) earnings per share for the quarter. LiveWire Group had a negative return on equity of 49.54% and a negative net margin of 317.96%. The business had revenue of $4.98 million during the quarter.

Insider Transactions at LiveWire Group

In other news, Director Kjell Gruner sold 5,208 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $6.39, for a total value of $33,279.12. Following the transaction, the director now directly owns 18,969 shares in the company, valued at $121,211.91. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 43,208 shares of company stock worth $284,733. 1.92% of the stock is currently owned by insiders.

LiveWire Group Company Profile

(Get Free Report)

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.