LiveWire Group (NYSE:LVWR) Shares Gap Up – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.44, but opened at $6.65. LiveWire Group shares last traded at $6.52, with a volume of 2,565 shares changing hands.

LiveWire Group Stock Performance

The firm has a market capitalization of $1.33 billion, a P/E ratio of -12.80 and a beta of 0.95. The stock has a 50 day moving average of $6.21 and a 200-day moving average of $6.68.

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

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its stake in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent SEC filing. Institutional investors own 0.88% of the company’s stock.

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.