LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price dropped 4.9% during trading on Monday . The company traded as low as $5.89 and last traded at $5.68. Approximately 129,285 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 973,538 shares. The stock had previously closed at $5.97.
LiveWire Group Trading Up 3.9%
The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -13.62 and a beta of 1.73. The firm has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $3.18.
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. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. The business had revenue of $2.74 million for the quarter.
Hedge Funds Weigh In On LiveWire Group
Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after purchasing an additional 36,357 shares in the last quarter. Nuveen LLC purchased a new stake in shares of LiveWire Group during the 1st quarter valued at about $43,000. Wexford Capital LP acquired a new position in LiveWire Group during the 4th quarter worth approximately $87,000. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $224,000 after acquiring an additional 5,968 shares during the period. Finally, Rhumbline Advisers boosted its holdings in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after acquiring an additional 3,167 shares during the period. Institutional investors and hedge funds own 0.88% of the company's stock.
About LiveWire Group
(
Get Free Report)
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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