Aston Martin Lagonda Global (LON:AML) Shares Down 12.6% - Time to Sell?

Key Points

• Aston Martin Lagonda Global's share price fell by 12.6%, closing at GBX 58.55 ($0.78), with trading volume surging by 181% compared to the average.
• Analysts have recently downgraded the stock's target prices, with JPMorgan, Citigroup, and Deutsche Bank lowering their estimates to between GBX 62 and GBX 85, all maintaining a "neutral" or "hold" rating.
• The company reported negative earnings per share of GBX (14.60) for the last quarter, alongside concerning financial metrics such as a debt-to-equity ratio of 179.38 and a net margin of -21.42%.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report)'s share price was down 12.6% during trading on Friday . The stock traded as low as GBX 58.50 ($0.78) and last traded at GBX 58.55 ($0.78). Approximately 9,364,873 shares traded hands during trading, an increase of 181% from the average daily volume of 3,334,297 shares. The stock had previously closed at GBX 67 ($0.89).

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AML shares. JPMorgan Chase & Co. reduced their target price on Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating for the company in a research report on Tuesday. Citigroup reduced their target price on Aston Martin Lagonda Global from GBX 96 to GBX 75 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating on the stock in a research report on Monday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 74.

Aston Martin Lagonda Global Price Performance

The stock has a market capitalization of £612.78 million, a P/E ratio of -207.36, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. The firm has a 50-day moving average price of GBX 75.40 and a 200 day moving average price of GBX 75.48. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last issued its earnings results 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%. On average, analysts expect 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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