LiveWire Group (NYSE:LVWR) Shares Up 3.8% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shot up 3.8% during trading on Tuesday . The company traded as high as $6.54 and last traded at $6.54. 2,166 shares were traded during mid-day trading, a decline of 92% from the average session volume of 25,899 shares. The stock had previously closed at $6.30.

LiveWire Group Stock Down 1.5 %

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -11.75 and a beta of 0.95. The firm’s 50 day moving average is $6.18 and its 200 day moving average is $6.67.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC lifted its position in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,210 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds 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.