LiveWire Group (NYSE:LVWR) Trading Down 4.6% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price traded down 4.6% during mid-day trading on Monday . The stock traded as low as $6.23 and last traded at $6.23. 4,384 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 25,961 shares. The stock had previously closed at $6.53.

LiveWire Group Price Performance

The stock has a market cap of $1.22 billion, a P/E ratio of -11.75 and a beta of 0.95. The firm’s 50 day moving average price is $6.18 and its 200-day moving average price is $6.67.

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

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp grew its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC). 0.88% of the stock is owned by hedge funds and other institutional investors.

LiveWire Group Company Profile

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.