LiveWire Group (NYSE:LVWR) Shares Up 5.5% - What's Next?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) rose 5.5% during mid-day trading on Monday . The company traded as high as $6.79 and last traded at $6.54. Approximately 3,153 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 26,834 shares. The stock had previously closed at $6.20.

LiveWire Group Stock Performance

The business has a 50-day moving average of $6.29 and a 200-day moving average of $6.85. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -11.27 and a beta of 0.95.

LiveWire Group (NYSE:LVWR - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.03. The business had revenue of $6.45 million during the quarter. LiveWire Group had a negative return on equity of 52.93% and a negative net margin of 277.31%.

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp boosted its position in LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,209 shares of the company's stock after purchasing an additional 1,530 shares during the period. Bank of New York Mellon Corp's holdings in LiveWire Group were worth $362,000 as of its most recent SEC filing. 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.