LiveWire Group (NYSE:LVWR) Shares Up 17% – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR)’s stock price shot up 17% on Tuesday . The company traded as high as $7.05 and last traded at $7.00. 365,330 shares were traded during mid-day trading, a decline of 63% from the average session volume of 974,717 shares. The stock had previously closed at $5.98.

LiveWire Group Stock Up 35.5%

The firm has a 50-day moving average of $2.23 and a two-hundred day moving average of $3.18. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -17.55 and a beta of 1.73.

LiveWire Group (NYSE:LVWR) 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 net margin of 352.66% and a negative return on equity of 58.65%. The firm had revenue of $2.74 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds have recently modified their holdings of LVWR. Rhumbline Advisers raised its stake in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares in the last quarter. Nuveen LLC bought a new stake in LiveWire Group in the first quarter valued at $43,000. Wexford Capital LP acquired a new position in LiveWire Group during the fourth quarter worth $87,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock valued at $224,000 after acquiring an additional 5,968 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 36,357 shares in the last quarter. 0.88% of the stock is 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.