LiveWire Group (NYSE:LVWR) Shares Up 8.5% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares were up 8.5% during trading on Tuesday . The company traded as high as $5.91 and last traded at $5.90. Approximately 14,972 shares traded hands during trading, a decline of 42% from the average daily volume of 25,900 shares. The stock had previously closed at $5.44.

LiveWire Group Price Performance

The business has a fifty day moving average of $6.11 and a 200-day moving average of $6.62. The stock has a market cap of $1.18 billion, a PE ratio of -10.67 and a beta of 0.94.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $4.45 million during the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the company’s 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 owns 456,772 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 12,729 shares of company stock valued at $76,841 over the last ninety days. Insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC lifted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 26,210 shares of the company’s stock after buying an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent filing with the SEC. 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.