Aston Martin Lagonda Global (LON:AML) Shares Down 12% – Should You Sell?

Aston Martin Lagonda Global Holdings plc (LON:AML)’s stock price dropped 12% on Wednesday . The stock traded as low as GBX 93.50 ($1.19) and last traded at GBX 97 ($1.23). Approximately 18,402,646 shares traded hands during mid-day trading, an increase of 418% from the average daily volume of 3,555,313 shares. The stock had previously closed at GBX 110.20 ($1.40).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 160 ($2.03) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, February 19th.

Aston Martin Lagonda Global Stock Down 12.0 %

The stock has a 50-day moving average of GBX 108.02 and a two-hundred day moving average of GBX 119.96. The company has a market cap of £913.74 million, a P/E ratio of -1.95, a P/E/G ratio of 0.03 and a beta of 2.00. The company has a debt-to-equity ratio of 179.38, a quick ratio of 0.71 and a current ratio of 0.88.

Insider Buying and Selling

In related news, insider Michael de Picciotto purchased 1,714,340 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were acquired at an average cost of GBX 100 ($1.27) per share, with a total value of £1,714,340 ($2,172,801.01). 55.55% of the stock is currently owned by corporate insiders.

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.