Aston Martin stock is on the rise after a successful product launch.
The luxury automaker announced its new Vantage model at an event in Los Angeles last week, and orders have been flooding in ever since.
The Vantage is Aston Martin’s entry-level sports car, and it’s already being hailed as one of the best cars in its class.
With a starting price of just over $100,000, the Vantage is sure to attract even more attention from luxury car buyers.
Aston Martin’s stock price has risen by 5% since the announcement of the Vantage, and analysts expect it to continue to climb in the coming weeks.
Aston Martin stock is on the rise after the release of their new DB11. The DB11 is a sleek and stylish car that has everyone talking. With its impressive performance and luxurious features, it’s no wonder Aston Martin’s stock is on the upswing.
If you’re looking to invest in a company with a bright future, Aston Martin is definitely one to watch.
Why is Aston Martin Stock So Low
Aston Martin stock is down 4% on Thursday after the company announced it was issuing new shares to raise money for its business.
The automaker said it would issue up to £600 million ($787 million) of new ordinary shares, representing around 20% of its current share capital. The move will help Aston Martin fund its plan to launch seven new models over the next seven years, including an electric SUV.
“Today’s announcement provides us with additional flexibility as we continue to execute our Second Century Plan,” said Andy Palmer, Aston Martin president and group chief executive officer, in a statement. “It also underlines our commitment to delivering sustainable shareholder value through the successful implementation of our strategy.”
Investors appear to be worried about the dilutive effect of the new share issuance on existing shareholders.
However, analysts at Jefferies believe the move makes sense for the company and that investors should not be too concerned about short-term share price movements.
Credit: phys.org
-What is the Current Stock Price for Aston Martin
Aston Martin is a British luxury car manufacturer that was founded in 1913. The company has its headquarters in Warwickshire, England. Aston Martin Lagonda Global Holdings plc is the parent company of Aston Martin.
It is traded on the London Stock Exchange and is a constituent of the FTSE 250 Index. As of June 3, 2020, the current stock price for Aston Martin Lagonda Global Holdings plc is GBP 4.62 ($5.92).
Aston Martin – 2021 – Financial Analysis – Great cars, but how is the company performing?
Conclusion
Aston Martin is a publicly traded company on the London Stock Exchange and is a constituent of the FTSE 250 Index. As of May 2013, shares in Aston Martin Lagonda Global Holdings plc are traded at around GB£19.00 per share. The company was founded in 1913 by Lionel Martin and Robert Bamford.
