LiveWire Group (NYSE:LVWR) Shares Up 28.1% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares shot up 28.1% on Wednesday . The stock traded as high as $2.64 and last traded at $2.58. 44,427 shares traded hands during trading, an increase of 51% from the average session volume of 29,357 shares. The stock had previously closed at $2.01.

LiveWire Group Stock Up 2.6 %

The stock has a market cap of $474.10 million, a P/E ratio of -5.07 and a beta of 1.03. The firm’s 50-day moving average is $2.27 and its two-hundred day moving average is $4.34.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.11) 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%. During the same quarter in the prior year, the company posted ($0.16) EPS.

Institutional Investors Weigh In On LiveWire Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of 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 stake in LiveWire Group in the 4th quarter valued at approximately $87,000. Barclays PLC increased its position in LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after buying an additional 19,474 shares during the period. Finally, JPMorgan Chase & Co. increased its position in LiveWire Group by 201.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after buying an additional 20,144 shares during the period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.