Aston Martin Lagonda Global (LON:AML) Stock Price Down 12.6% - Here's What Happened

Key Points

• Aston Martin Lagonda Global shares declined by 12.6%, trading as low as GBX 58.50 ($0.78) amidst a significant increase in trading volume, nearly doubling the average.
• Multiple analysts revised their price targets for the stock, with Citigroup lowering its target from GBX 96 to GBX 75 and maintaining a "neutral" rating.
• The company reported a negative net margin of 21.42% and a P/E ratio of -207.36, indicating potential financial struggles despite a market capitalization of £612.78 million.

Aston Martin Lagonda Global Holdings plc (LON:AML - Get Free Report) shares were down 12.6% on Friday . The company traded as low as GBX 58.50 ($0.78) and last traded at GBX 58.55 ($0.78). Approximately 9,364,873 shares changed 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).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AML shares. Citigroup cut their price target on Aston Martin Lagonda Global from GBX 96 to GBX 75 and set a "neutral" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Aston Martin Lagonda Global from GBX 90 to GBX 85 and set a "hold" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Aston Martin Lagonda Global from GBX 75 to GBX 62 and set a "neutral" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Aston Martin Lagonda Global has a consensus rating of "Hold" and a consensus price target of GBX 74.

Aston Martin Lagonda Global Price Performance

The stock has a 50 day moving average of GBX 75.40 and a two-hundred day moving average 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. The firm has a market capitalization of £612.78 million, a P/E ratio of -207.36, a P/E/G ratio of 0.03 and a beta of 2.00.

Aston Martin Lagonda Global (LON:AML - Get Free Report) last issued 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%. Sell-side analysts predict that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal 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.

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