LiveWire Group (NYSE:LVWR) Trading Up 1.8% – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) was up 1.8% during trading on Monday . The stock traded as high as $6.26 and last traded at $6.09. Approximately 19,714 shares traded hands during trading, a decline of 25% from the average daily volume of 26,194 shares. The stock had previously closed at $5.98.

LiveWire Group Stock Performance

The business has a fifty day moving average of $6.19 and a two-hundred day moving average of $6.70. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.94 and a beta of 0.95.

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

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp grew its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.