LiveWire Group (NYSE:LVWR) Shares Gap Down – Time to Sell?

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped down before the market opened on Wednesday . The stock had previously closed at $6.25, but opened at $6.08. LiveWire Group shares last traded at $6.08, with a volume of 1,135 shares.

LiveWire Group Price Performance

The stock has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.69. The firm has a market cap of $1.30 billion, a PE ratio of -12.25 and a beta of 0.95.

LiveWire Group (NYSE:LVWR) last released its earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company 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 Inflows and Outflows

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC grew its position in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent SEC filing. 0.88% of the stock is owned by institutional investors and hedge funds.

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.