LiveWire Group (NYSE:LVWR) Trading Down 5.6% – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) was down 5.6% during trading on Tuesday . The stock traded as low as $2.06 and last traded at $2.10. Approximately 24,029 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 27,570 shares. The stock had previously closed at $2.22.

LiveWire Group Trading Down 5.6 %

The company has a market capitalization of $426.28 million, a P/E ratio of -4.55 and a beta of 1.00. The stock’s fifty day moving average is $2.97 and its 200 day moving average is $4.87.

LiveWire Group (NYSE:LVWR) last posted its 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 in the previous year, the business earned ($0.16) EPS.

Institutional Investors Weigh In On LiveWire Group

A number of large investors have recently made changes to their positions in LVWR. Wexford Capital LP purchased a new stake in LiveWire Group in the fourth quarter worth $87,000. Barclays PLC raised its holdings in LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after purchasing an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of LiveWire Group by 201.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after purchasing an additional 20,144 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after purchasing an additional 5,968 shares in the last quarter. 0.88% of the stock is currently owned by institutional investors.

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.