LiveWire Group (NYSE:LVWR) Reaches New 1-Year Low - Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $4.00 and last traded at $4.08, with a volume of 96560 shares. The stock had previously closed at $4.39.

LiveWire Group Stock Down 3.5 %

The stock has a market cap of $792.68 million, a PE ratio of -7.65 and a beta of 1.00. The firm has a fifty day moving average of $5.37 and a 200 day moving average of $6.15.

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

Insider Transactions at LiveWire Group

In related news, CEO Karim Donnez sold 9,202 shares of the company's stock in a transaction on 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 owns 456,772 shares of the company's stock, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 12,729 shares of company stock worth $76,841. Company insiders own 1.92% of the company's stock.

Institutional Investors Weigh In On LiveWire Group

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. increased its position in LiveWire Group by 201.0% during the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company's stock worth $184,000 after buying an additional 20,144 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 worth $362,000 after acquiring 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.