LiveWire Group (NYSE:LVWR) Trading Up 8.9% – Should You Buy?

Shares of LiveWire Group, Inc. (NYSE:LVWR) rose 8.9% during trading on Monday . The stock traded as high as $6.21 and last traded at $6.21. Approximately 2,803 shares traded hands during trading, a decline of 89% from the average daily volume of 26,399 shares. The stock had previously closed at $5.70.

LiveWire Group Price Performance

The business’s fifty day simple moving average is $6.23 and its two-hundred day simple moving average is $6.80. The company has a market cap of $1.16 billion, a PE ratio of -10.62 and a beta of 0.95.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $4.45 million during the quarter. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp boosted its stake in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the SEC. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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.