Aston Martin Lagonda Global (LON:AML) Stock Price Down 9.7% - Here's Why

Key Points

• Aston Martin Lagonda Global's shares decreased by 9.7%, closing at GBX 71.10 ($0.94) with trading volume rising by 36% from the average.
• The company's financials show a negative return on equity of 48.19% and a projected earnings per share of 3.0755403 for the current year.
• Insiders have been actively buying shares, acquiring a total of 355,756 shares worth approximately $25.8 million in the last 90 days, indicating confidence in the company's future.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) shares fell 9.7% during mid-day trading on Wednesday . The company traded as low as GBX 71.10 ($0.94) and last traded at GBX 71.10 ($0.94). 5,260,451 shares changed hands during trading, an increase of 36% from the average session volume of 3,870,671 shares. The stock had previously closed at GBX 78.75 ($1.05).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 95 ($1.26) price objective on shares of Aston Martin Lagonda Global in a research report on Thursday.

Aston Martin Lagonda Global Stock Down 4.3%

The business has a 50-day simple moving average of GBX 80.79 and a two-hundred day simple moving average of GBX 83.42. The company has a market cap of £631.61 million, a price-to-earnings ratio of -1.35, a PEG ratio of 0.03 and a beta of 2.00. The company has a quick ratio of 0.71, a current ratio of 0.88 and a debt-to-equity ratio of 179.38.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported GBX (14.60) (($0.19)) earnings per share for the quarter. Aston Martin Lagonda Global had a negative return on equity of 48.19% and a negative net margin of 21.42%. As a group, equities analysts forecast that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aston Martin Lagonda Global news, insider Adrian Hallmark acquired 199,117 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of GBX 75 ($1.00) per share, with a total value of £149,337.75 ($198,218.41). Also, insider Cyrus Jilla acquired 113,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of GBX 70 ($0.93) per share, with a total value of £79,100 ($104,990.71). In the last 90 days, insiders acquired 355,756 shares of company stock valued at $25,811,227. Insiders own 55.55% of the company's stock.

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.