LiveWire Group (NYSE:LVWR) Sets New 12-Month Low – Should You Sell?

Shares of LiveWire Group, Inc. (NYSE:LVWR) hit a new 52-week low on Tuesday . The stock traded as low as $4.26 and last traded at $4.26, with a volume of 12242 shares. The stock had previously closed at $4.52.

LiveWire Group Trading Down 5.5 %

The company has a market cap of $891.25 million, a P/E ratio of -8.60 and a beta of 1.00. The company’s 50-day moving average price is $5.48 and its two-hundred day moving average price is $6.22.

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

Insider Buying and Selling at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the transaction, the chief executive officer now directly owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,729 shares of company stock worth $76,841. 1.92% of the stock is owned by insiders.

Institutional Investors Weigh In On LiveWire Group

A number of institutional investors have recently added to or reduced their stakes in LVWR. Barclays PLC increased 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 purchasing an additional 19,474 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $184,000 after buying an additional 20,144 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in LiveWire Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock worth $362,000 after acquiring an additional 1,530 shares during the period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.