Aston Martin Lagonda Global (LON:AML) Trading Down 9.7% - Time to Sell?

Key Points

• Aston Martin Lagonda Global Holdings plc shares decreased by 9.7%, trading at GBX 71.10 ($0.94) after reaching a low during the session.
• The company reported a negative EPS of GBX (14.60) ($0.19) for the latest quarter, contributing to a severe decline in its stock value.
• Insider purchases have increased, with executives acquiring a total of 355,756 shares over the past ninety days, indicating confidence despite the stock's recent performance.

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

Wall Street Analysts Forecast Growth

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

Aston Martin Lagonda Global Stock Performance

The firm has a market cap of £631.61 million, a PE ratio of -1.35, a price-to-earnings-growth ratio of 0.03 and a beta of 2.00. 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 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 posted its quarterly earnings results on Wednesday, July 30th. The company reported GBX (14.60) (($0.19)) 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%. As a group, equities research analysts forecast that Aston Martin Lagonda Global Holdings plc will post 3.0755403 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Cyrus Jilla bought 113,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of GBX 70 ($0.93) per share, with a total value of £79,100 ($104,990.71). Also, insider Nigel Boardman purchased 43,639 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of GBX 68 ($0.90) per share, for a total transaction of £29,674.52 ($39,387.47). Over the last quarter, insiders purchased 355,756 shares of company stock valued at $25,811,227. Corporate 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.