LiveWire Group (NYSE:LVWR) Hits New 12-Month Low – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price reached a new 52-week low on Monday . The company traded as low as $2.66 and last traded at $2.69, with a volume of 4270 shares changing hands. The stock had previously closed at $2.66.

LiveWire Group Stock Performance

The company’s 50 day moving average price is $4.49 and its 200-day moving average price is $5.68. The stock has a market cap of $471.54 million, a P/E ratio of -5.04 and a beta of 0.94.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.11) EPS for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same period in the previous year, the company earned ($0.16) EPS.

Insider Buying and Selling at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the sale, the chief executive officer now directly 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 filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,729 shares of company stock worth $76,841 over the last ninety days. 1.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LiveWire Group

Several institutional investors and hedge funds have recently bought and sold shares of LVWR. JPMorgan Chase & Co. lifted its position in LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock valued at $320,000 after buying an additional 36,357 shares during the period. Barclays PLC increased its stake in shares of LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after acquiring an additional 19,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after acquiring an additional 5,968 shares during the period. 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.