LiveWire Group (NYSE:LVWR) Reaches New 1-Year Low – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shares hit a new 52-week low during trading on Saturday . The company traded as low as $5.02 and last traded at $5.16, with a volume of 59221 shares traded. The stock had previously closed at $5.23.

LiveWire Group Stock Down 1.3 %

The stock has a market cap of $1.05 billion, a P/E ratio of -10.12 and a beta of 0.94. The firm has a 50 day moving average price of $6.03 and a 200 day moving average price of $6.55.

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 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%.

Insiders Place Their Bets

In related news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 12,729 shares of company stock worth $76,841. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC increased its position in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,210 shares of the company’s stock after buying 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.