In a recent transaction, Kjell Gruner, a director at LiveWire Group, Inc. (NYSE:LVWR), the motorcycle and bicycle manufacturing company, sold 5,000 shares of company stock. The sale, which took place on May 20, 2024, amounted to a total value of $32,653. This transaction was disclosed in a filing with the U.S. Securities and Exchange Commission.
The shares were sold at a weighted average price of $6.5306, with individual transactions ranging from $6.48 to $6.72 per share. Following this sale, Gruner still holds a total of 51,777 shares in LiveWire Group, Inc. The sale represents a change in the director's holdings but does not necessarily indicate a shift in the company’s prospects or performance.
Investors often monitor insider transactions as they can provide insights into how the company's leadership perceives the stock's value and future. However, it is important to note that such sales could be motivated by a variety of factors and may not necessarily reflect the executive's outlook on the company's future performance.
LiveWire Group, Inc., headquartered in Milwaukee, Wisconsin, operates in the Motorcycles, Bicycles, and Parts industry and is known for its focus on electric motorcycles. The company's stock trades under the ticker LVWR on the New York Stock Exchange.
InvestingPro Insights
As Kjell Gruner, a director at LiveWire Group, Inc. (NYSE:LVWR), parts with a portion of his shares, the market is taking a closer look at the company's financial health and stock performance. According to real-time data from InvestingPro, LiveWire Group, Inc. currently has a market capitalization of approximately $1.3 billion USD, indicating a significant presence in the motorcycles and bicycles manufacturing industry.
An important metric to consider is the company's P/E ratio, which currently stands at -11.53. This negative P/E ratio suggests that investors are dealing with a company that has not reported positive earnings over the last twelve months as of Q1 2024. Additionally, the company's revenue has seen a decline of 20.26% over the same period, which may be a point of concern for potential investors.
InvestingPro Tips for LiveWire Group, Inc. reveal that the company holds more cash than debt on its balance sheet, which is a positive sign of financial stability. However, it also suffers from weak gross profit margins, with a reported -31.68% as of the last twelve months ending Q1 2024. This could be a red flag for investors looking for companies with strong profitability. Moreover, analysts do not anticipate the company will be profitable this year, which aligns with the negative P/E ratio observed.
For those interested in a deeper analysis, there are additional InvestingPro Tips available that could shed light on the company's valuation, stock performance, and other financial metrics. To explore these insights, visit https://www.investing.com/pro/LVWR and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 10 more InvestingPro Tips listed for LiveWire Group, Inc. that could provide valuable guidance for your investment decisions.
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