LiveWire Group (NYSE:LVWR) Shares Gap Down to $7.08

LiveWire Group, Inc. (NYSE:LVWR) shares gapped down prior to trading on Friday . The stock had previously closed at $7.08, but opened at $6.72. LiveWire Group shares last traded at $7.01, with a volume of 8,250 shares trading hands.

LiveWire Group Stock Performance

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -12.26 and a beta of 0.95. The firm’s 50-day simple moving average is $7.76 and its two-hundred day simple moving average is $9.46.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.12) EPS for the quarter. LiveWire Group had a negative return on equity of 43.28% and a negative net margin of 288.11%. The business had revenue of $4.98 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LiveWire Group stock. Barclays PLC purchased a new stake in LiveWire Group, Inc. (NYSE:LVWR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,236 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 0.88% of the company’s stock.

About LiveWire Group

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.