LiveWire Group (NYSE:LVWR) Hits New 1-Year Low – Should You Sell?

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

LiveWire Group Stock Down 1.3 %

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -10.12 and a beta of 0.94. The firm has a fifty day moving average of $6.03 and a 200-day moving average of $6.55.

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

Insider Transactions 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 completion of the sale, the chief executive officer now owns 456,772 shares in the company, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 12,729 shares of company stock valued at $76,841 in the last ninety days. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC boosted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period. 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.