Aston Martin Lagonda Global (LON:AML) Shares Down 10.1% - What's Next?

Key Points

• Aston Martin Lagonda Global's stock fell by 10.1% during trading, reaching a low of GBX 71.95 ($0.97), with a significant increase in trading volume of approximately 4.58 million shares.
• Analysts have downgraded Aston Martin’s price target, with JPMorgan reducing it from GBX 90 to GBX 75 and maintaining a "neutral" rating, while Deutsche Bank reaffirmed a "hold" rating with a target of GBX 95.
• The company reported a negative earnings per share (EPS) of GBX (14.60) in its last quarterly results, indicating ongoing financial struggles with a return on equity of -48.19%.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s stock price was down 10.1% during trading on Monday . The company traded as low as GBX 71.95 ($0.97) and last traded at GBX 73.10 ($0.99). Approximately 4,583,481 shares were traded during trading, an increase of 39% from the average daily volume of 3,299,495 shares. The stock had previously closed at GBX 81.30 ($1.10).

Wall Street Analyst Weigh In

AML has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective 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 restated a "hold" rating and set a GBX 95 price target on shares of Aston Martin Lagonda Global in a research note on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 85.

Aston Martin Lagonda Global Stock Performance

The firm's 50 day moving average is GBX 75.88 and its 200 day moving average is GBX 75.68. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88. The stock has a market cap of £739.79 million, a P/E ratio of -250.34, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00.

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

Aston Martin Lagonda Global Company Profile

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.

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