LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $3.97, but opened at $3.30. LiveWire Group shares last traded at $3.52, with a volume of 980,603 shares.
LiveWire Group Stock Up 55.7%
The company has a market cap of $909.94 million, a price-to-earnings ratio of -9.72 and a beta of 1.04. The company's fifty day moving average price is $1.86 and its two-hundred day moving average price is $3.26.
LiveWire Group (NYSE:LVWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.74 million for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%.
Hedge Funds Weigh In On LiveWire Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after acquiring an additional 3,167 shares in the last quarter. Nuveen LLC bought a new stake in LiveWire Group in the 1st quarter valued at $43,000. Wexford Capital LP acquired a new stake in LiveWire Group in the 4th quarter valued at $87,000. JPMorgan Chase & Co. increased its stake in LiveWire Group by 120.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after buying an additional 36,357 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after buying an additional 5,968 shares during the last quarter. 0.88% of the stock is owned by institutional investors.
LiveWire Group Company Profile
(
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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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