LiveWire Group (NYSE:LVWR) Stock Price Down 5.6% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR)’s share price dropped 5.6% during trading on Tuesday . The stock traded as low as $2.06 and last traded at $2.10. Approximately 24,029 shares were traded during trading, a decline of 13% from the average daily volume of 27,570 shares. The stock had previously closed at $2.22.

LiveWire Group Price Performance

The firm has a market cap of $411.02 million, a PE ratio of -4.39 and a beta of 1.00. The firm has a 50-day simple moving average of $2.91 and a 200 day simple moving average of $4.85.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data 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 business posted ($0.16) EPS.

Hedge Funds Weigh In On LiveWire Group

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of LiveWire Group by 120.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock worth $320,000 after purchasing an additional 36,357 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after purchasing an additional 5,968 shares during the last quarter. Barclays PLC raised its position 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 purchasing an additional 19,474 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of LiveWire Group in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.