Aston Martin Lagonda Global (OTCMKTS:ARGGY) Shares Gap Up - Still a Buy?

Key Points

• Shares gapped up pre-market from $0.5375 to $0.5646 and last traded at $0.5482 on a volume of 4,720 shares.
• Analyst consensus is a Hold: six analysts rate the stock as Hold, with recent notes from Deutsche Bank, Sanford C. Bernstein, HSBC and Goldman Sachs reflecting Hold or downgrades to Hold.
• Technical context: the 50-day moving average is $0.75 and the 200-day moving average is $0.83, both well above the current price, indicating the stock is trading below key trend levels.

Aston Martin Lagonda Global Holdings plc. (OTCMKTS:ARGGY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $0.5375, but opened at $0.5646. Aston Martin Lagonda Global shares last traded at $0.5482, with a volume of 4,720 shares.

Wall Street Analyst Weigh In

ARGGY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Aston Martin Lagonda Global in a research note on Monday, February 23rd. Sanford C. Bernstein downgraded shares of Aston Martin Lagonda Global from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. HSBC reiterated a "hold" rating on shares of Aston Martin Lagonda Global in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group assumed coverage on shares of Aston Martin Lagonda Global in a research note on Sunday, November 23rd. They issued a "hold" rating on the stock. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

Aston Martin Lagonda Global Stock Performance

The firm's 50-day moving average is $0.75 and its 200-day moving average is $0.83.

About Aston Martin Lagonda Global

Aston Martin Lagonda Global plc is the holding company for Aston Martin Lagonda, a British manufacturer specializing in luxury performance automobiles. The company designs, engineers and assembles a portfolio of high-end sports cars, grand tourers and luxury SUVs. Its product range includes long-standing model lines such as the DB series and Vantage, as well as the DBX SUV, and a limited number of flagship hypercars including the Valkyrie and Valhalla. Under its Lagonda marque, the company is also developing all-electric luxury vehicles aimed at the ultra-premium segment.

Manufacturing and R&D are centered at its headquarters in Gaydon, Warwickshire, England, where the company integrates bespoke craftsmanship with advanced technologies.

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