LiveWire Group (NYSE:LVWR) Sets New 52-Week Low at $5.69

LiveWire Group, Inc. (NYSE:LVWR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.69 and last traded at $5.75, with a volume of 8120 shares traded. The stock had previously closed at $6.04.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their price target on shares of LiveWire Group from $7.75 to $7.25 and set a “neutral” rating for the company in a report on Thursday, May 9th.

LiveWire Group Price Performance

The stock has a 50 day moving average price of $7.05 and a two-hundred day moving average price of $7.23. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -10.18 and a beta of 0.96.

LiveWire Group (NYSE:LVWR) 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. The firm had revenue of $6.45 million during the quarter. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp raised its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. 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.