LiveWire Group (NYSE:LVWR) Trading Down 4.6% – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price traded down 4.6% during trading on Monday . The stock traded as low as $6.23 and last traded at $6.23. 4,384 shares changed hands during trading, a decline of 83% from the average session volume of 25,961 shares. The stock had previously closed at $6.53.

LiveWire Group Price Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -12.80 and a beta of 0.95. The stock’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $6.68.

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 during the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC increased its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.