LiveWire Group (NYSE:LVWR) Posts Earnings Results

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

LiveWire Group Stock Performance

LVWR stock traded down $0.02 during midday trading on Wednesday, reaching $3.06. 14,386 shares of the company traded hands, compared to its average volume of 44,533. The firm has a market capitalization of $620.93 million, a price-to-earnings ratio of -5.99 and a beta of 0.95. The business has a 50 day moving average of $4.80 and a 200-day moving average of $5.85. LiveWire Group has a 52-week low of $3.00 and a 52-week high of $11.36.

Insider Activity

In other news, CEO Karim Donnez sold 9,202 shares of the firm’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 completion of the sale, the chief executive officer now owns 456,772 shares in the company, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is currently owned by insiders.

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.