LiveWire Group (NYSE:LVWR) Trading Up 1.8% – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares shot up 1.8% during mid-day trading on Monday . The stock traded as high as $6.26 and last traded at $6.09. 19,714 shares were traded during trading, a decline of 25% from the average session volume of 26,194 shares. The stock had previously closed at $5.98.

LiveWire Group Price Performance

The company has a market cap of $1.28 billion, a price-to-earnings ratio of -12.53 and a beta of 0.95. The firm’s 50-day moving average price is $6.22 and its 200-day moving average price is $6.69.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC boosted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 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.