LiveWire Group (NYSE:LVWR) Hits New 52-Week Low – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.52 and last traded at $4.66, with a volume of 19418 shares trading hands. The stock had previously closed at $4.88.

LiveWire Group Trading Down 2.1 %

The stock has a market capitalization of $926.82 million, a PE ratio of -8.94 and a beta of 0.94. The firm’s 50-day moving average price is $5.87 and its 200-day moving average price is $6.47.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) 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 Activity

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares in the company, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 12,729 shares of company stock worth $76,841. 1.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in LiveWire Group by 201.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after acquiring an additional 20,144 shares in the last quarter. Barclays PLC raised its stake in LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in LiveWire Group by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after purchasing an additional 1,530 shares during the last 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.