LiveWire Group (NYSE:LVWR) Stock Price Up 8.2% – Time to Buy?

Shares of LiveWire Group, Inc. (NYSE:LVWR) rose 8.2% on Thursday . The company traded as high as $2.51 and last traded at $2.51. Approximately 3,475 shares changed hands during trading, a decline of 92% from the average daily volume of 43,171 shares. The stock had previously closed at $2.32.

LiveWire Group Price Performance

The firm has a market cap of $533.53 million, a price-to-earnings ratio of -5.71 and a beta of 0.94. The business’s 50-day moving average price is $4.29 and its two-hundred day moving average price is $5.59.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.11) earnings per share for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%. During the same quarter last year, the company posted ($0.16) EPS.

Insider Activity at LiveWire Group

In related news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction dated 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 directly owns 456,772 shares of the company’s stock, valued at $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 12,729 shares of company stock worth $76,841 over the last ninety days. 1.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LVWR. JPMorgan Chase & Co. increased its stake in LiveWire Group by 120.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock worth $320,000 after purchasing an additional 36,357 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after purchasing an additional 5,968 shares in the last quarter. Finally, Barclays PLC grew its stake in 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 acquiring an additional 19,474 shares in the last quarter. 0.88% of the stock is 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.