LiveWire Group (NYSE:LVWR) Shares Gap Up - Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $4.00, but opened at $4.19. LiveWire Group shares last traded at $4.17, with a volume of 290,121 shares.

LiveWire Group Stock Performance

The stock has a market capitalization of $1.22 billion, a PE ratio of -13.02 and a beta of 1.73. The business's 50-day moving average is $2.15 and its two-hundred day moving average is $3.22.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%. The business had revenue of $2.74 million during the quarter.

Hedge Funds Weigh In On LiveWire Group

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares during the last quarter. Nuveen LLC acquired a new position in shares of LiveWire Group during the first quarter worth $43,000. Wexford Capital LP acquired a new stake in shares of LiveWire Group during the fourth quarter valued at about $87,000. Charles Schwab Investment Management Inc. increased its holdings in LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after purchasing an additional 5,968 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in LiveWire Group by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after acquiring an additional 36,357 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.