Aston Martin Issues 75 Million New Shares, Alters Voting Rights

Aston Martin Lagonda Global Holdings plc ( (GB:AML) ) has provided an update.

Aston Martin Lagonda Global Holdings PLC has issued and listed 75 million new shares following approval at its General Meeting of Independent Shareholders. This move, involving Atieva, Inc. as a significant shareholder, results in a change in voting rights, with the Public Investment Fund holding a 2.803617% stake, potentially impacting the company’s shareholder dynamics and market position.

The most recent analyst rating on (GB:AML) stock is a Hold with a £115.00 price target. To see the full list of analyst forecasts on Aston Martin Lagonda Global Holdings plc stock, see the GB:AML Stock Forecast page.

Spark’s Take on GB:AML Stock

According to Spark, TipRanks’ AI Analyst, GB:AML is a Neutral.

Aston Martin’s overall stock score reflects its financial struggles with high leverage and ongoing losses. While there are positive signals from strategic investments and product launches, significant risks remain. The technical indicators show some positive momentum but caution due to potential overbought conditions. Valuation concerns persist with negative profitability, but recent corporate events provide a slight optimistic outlook.

To see Spark’s full report on GB:AML stock, click here.

More about Aston Martin Lagonda Global Holdings plc

Aston Martin Lagonda Global Holdings PLC is a renowned British manufacturer in the luxury automotive industry, primarily known for producing high-performance sports cars and grand tourers. The company focuses on delivering luxury vehicles with a strong emphasis on design, performance, and exclusivity, catering to a global market of affluent consumers.

Average Trading Volume: 3,397,645

Technical Sentiment Signal: Sell

Current Market Cap: £848M

See more insights into AML stock on TipRanks’ Stock Analysis page.