LiveWire Group (NYSE:LVWR) Trading Down 6.1% – Here’s What Happened

by · The Cerbat Gem

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report)’s stock price dropped 6.1% during mid-day trading on Thursday . The stock traded as low as $5.80 and last traded at $5.80. Approximately 13,606 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 26,386 shares. The stock had previously closed at $6.18.

LiveWire Group Price Performance

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -11.24 and a beta of 0.95. The company has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $6.82.

LiveWire Group (NYSE:LVWR – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. The business had revenue of $6.45 million during the quarter. LiveWire Group had a negative return on equity of 52.93% and a negative net margin of 277.31%.

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp increased its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR – Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,209 shares of the company’s stock after buying 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 Securities and Exchange Commission. 0.88% of the stock is owned by institutional investors.

About LiveWire Group

(Get Free Report)

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.

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