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LiveWire Group (NYSE:LVWR) Trading Down 4.6% - Should You Sell?

LiveWire Group logo with Auto/Tires/Trucks background

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) traded down 4.6% on Monday . The stock traded as low as $5.60 and last traded at $5.60. 2,524 shares traded hands during trading, a decline of 91% from the average session volume of 27,012 shares. The stock had previously closed at $5.87.

LiveWire Group Trading Up 0.2 %

The stock has a market capitalization of $1.19 billion, a PE ratio of -10.69 and a beta of 0.95. The firm's 50-day simple moving average is $6.37 and its two-hundred day simple moving average is $6.87.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%. The firm had revenue of $6.45 million for the quarter.

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp grew its stake in shares of LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,209 shares of the company's stock after acquiring 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 and hedge funds own 0.88% of the company's stock.

LiveWire Group Company Profile

(Get Free Report)

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.

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