LiveWire Group (NYSE:LVWR) Posts Earnings Results

LiveWire Group (NYSE:LVWR) issued its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. During the same period last year, the company earned ($0.16) earnings per share.

LiveWire Group Stock Down 0.5 %

LVWR stock traded down $0.02 on Wednesday, reaching $3.06. 15,489 shares of the company’s stock were exchanged, compared to its average volume of 44,560. The stock has a fifty day moving average of $4.74 and a 200-day moving average of $5.81. The firm has a market cap of $620.93 million, a PE ratio of -5.99 and a beta of 0.95. LiveWire Group has a twelve month low of $3.00 and a twelve month high of $11.36.

Insider Activity

In related news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 12,729 shares of company stock worth $76,841 over the last three months. 1.92% of the stock is currently owned by corporate insiders.

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.