LiveWire Group (NYSE:LVWR) Trading 11.8% Higher - Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) was up 11.8% during mid-day trading on Tuesday . The company traded as high as $5.65 and last traded at $5.78. Approximately 229,524 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,017,746 shares. The stock had previously closed at $5.17.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of LiveWire Group to a "sell" rating in a report on Saturday, June 14th.

LiveWire Group Trading Down 12.9%

The stock has a market cap of $867.21 million, a P/E ratio of -9.91 and a beta of 1.73. The firm's fifty day moving average is $3.16 and its 200 day moving average is $3.20.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative return on equity of 70.38% and a negative net margin of 367.05%. The business had revenue of $2.74 million during the quarter.

Insider Activity at LiveWire Group

In related news, Director William L. Cornog sold 40,000 shares of LiveWire Group stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $7.62, for a total transaction of $304,800.00. Following the completion of the transaction, the director now directly owns 196,739 shares of the company's stock, valued at $1,499,151.18. This trade represents a 16.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan Ragland sold 6,891 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $7.11, for a total value of $48,995.01. Following the completion of the transaction, the insider now directly owns 127,625 shares in the company, valued at $907,413.75. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 276,896 shares of company stock worth $1,943,431 over the last three months. Company insiders own 2.05% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted 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 buying an additional 36,357 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $224,000 after purchasing an additional 5,968 shares during the last quarter. Wexford Capital LP acquired a new position in LiveWire Group in the fourth quarter valued at about $87,000. Rhumbline Advisers boosted its holdings in LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after buying an additional 3,167 shares during the last quarter. Finally, Nuveen LLC bought a new position in LiveWire Group during the first quarter worth about $43,000. 0.88% of the stock is currently owned by 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.