Aston Martin Lagonda Global Holdings plc ( (GB:AML) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Aston Martin Lagonda Global Holdings’ stock has been on a rollercoaster ride due to a 9% drop in wholesale volumes and a 3% decline in revenue, despite a 6% increase in average selling prices from personalized models. Analysts are divided on the stock’s future, pointing to a slight miss in adjusted EBITDA caused by lower gross margins and foreign exchange issues. The company is betting on new models like the Valhalla hybrid supercar and governance changes to boost financial performance by 2025. However, the market remains wary, awaiting more clarity on the demand for these new models and the company’s financial path.
More about Aston Martin Lagonda Global Holdings plc
YTD Price Performance: -9.01%
Average Trading Volume: 2,200,840
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £908.2M
For further insights into AML stock on TipRanks’ Stock Analysis page.
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