Aston Martin Lagonda Global (LON:AML) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Aston Martin Lagonda Global Holdings plc's share price recently crossed above its 200-day moving average, indicating a potential shift in market sentiment.
• JPMorgan Chase & Co. downgraded Aston Martin's price target from GBX 90 to GBX 75, reflecting a more cautious outlook on the stock.
• The company reported a negative earnings per share of GBX (14.60) and a negative return on equity of 48.19% in its last quarterly earnings, highlighting financial challenges.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 75.64 ($1.02) and traded as high as GBX 84.85 ($1.14). Aston Martin Lagonda Global shares last traded at GBX 82.40 ($1.11), with a volume of 1,034,908 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on AML shares. JPMorgan Chase & Co. cut their price target on Aston Martin Lagonda Global from GBX 90 to GBX 75 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 95 target price on shares of Aston Martin Lagonda Global in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 85.

Aston Martin Lagonda Global Stock Performance

The stock's 50-day moving average price is GBX 76.06 and its 200-day moving average price is GBX 75.64. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 179.38. The company has a market capitalization of £830.90 million, a P/E ratio of -281.51, a P/E/G ratio of 0.03 and a beta of 2.00.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX (14.60) earnings per share for the quarter. Aston Martin Lagonda Global had a negative net margin of 21.42% and a negative return on equity of 48.19%. As a group, equities analysts expect that Aston Martin Lagonda Global Holdings plc will post 3.0755403 EPS for the current year.

About Aston Martin Lagonda Global

Aston Martin's vision is to be the world's most desirable, ultra-luxury British brand, creating the most exquisitely addictive performance cars. Founded in 1913 by Lionel Martin and Robert Bamford, Aston Martin is acknowledged as an iconic global brand synonymous with style, luxury, performance, and exclusivity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.