LiveWire Group (NYSE:LVWR) Reaches New 52-Week Low – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.00 and last traded at $4.08, with a volume of 96560 shares changing hands. The stock had previously closed at $4.39.

LiveWire Group Stock Down 1.1 %

The firm has a 50-day moving average price of $5.37 and a 200 day moving average price of $6.15. The firm has a market capitalization of $811.98 million, a PE ratio of -7.84 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last posted its earnings results 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 Activity

In related news, CEO Karim Donnez sold 9,202 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at $2,763,470.60. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of LiveWire Group by 201.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after purchasing an additional 20,144 shares during the last quarter. Barclays PLC lifted its holdings in LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after buying an additional 19,474 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of LiveWire Group by 3.3% during the 2nd 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 in 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.