LiveWire Group (NYSE:LVWR) Stock Price Down 5.6% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) traded down 5.6% during trading on Tuesday . The company traded as low as $2.06 and last traded at $2.10. 24,029 shares changed hands during trading, a decline of 13% from the average session volume of 27,570 shares. The stock had previously closed at $2.22.

LiveWire Group Stock Down 6.5 %

The business’s 50-day simple moving average is $2.91 and its 200 day simple moving average is $4.85. The firm has a market capitalization of $411.02 million, a P/E ratio of -4.39 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.11) EPS for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same quarter in the prior year, the firm earned ($0.16) EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its stake in LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after acquiring an additional 19,474 shares during the period. JPMorgan Chase & Co. lifted its stake in LiveWire Group by 201.0% in the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after acquiring an additional 20,144 shares during the period. Wexford Capital LP purchased a new stake in LiveWire Group in the fourth quarter worth $87,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in LiveWire Group by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after acquiring an additional 5,968 shares during the period. 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.