|Bid||70.05 x 0|
|Ask||70.15 x 0|
|Day's Range||69.55 - 73.00|
|52 Week Range||1.44 - 636.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,849.11|
Carmaker Aston Martin, which has changed its boss and brought in a billionaire investor this year, posted a deeper first-half loss of 227 million pounds ($293 million) on Wednesday amid a slump in sales. Its main factory, which closed during the lockdown, is not due to reopen until the end of August as the firm focussed on resuming production at a new site in Wales, where its first sport utility vehicle, the DBX, rolled off the line this month. Renowned as James Bond's carmaker of choice, the firm has had a difficult time since floating in 2018 as it failed to meet expectations and burnt through cash, prompting it to give a stake to a consortium led by billionaire Lawrence Stroll.
Aston Martin's <AML.L> first sport utility vehicle rolled off the production line on Thursday, key to hopes of a turnaround at the luxury carmaker which has seen changes in management and ownership over the last few months amid a torrid performance. Popular for being James Bond's carmaker of choice, the firm has had a difficult time since it floated in 2018 as sales disappointed and it burnt through cash, prompting it to seek fresh investment from billionaire Lawrence Stroll. The DBX vehicle is the company’s first foray into the lucrative sport utility vehicle market, a late entrant compared to many rivals such as Volkswagen-owned <VOWG_p.DE> Bentley and BMW’s <BMWG.DE> Rolls-Royce.
New owner Yew Tree will pick up 25% of the offering, with Prestige Motors, which has steadily reduced its holding in the company having previously been the main shareholder, planning to buy about 8%, the company said. Aston Martin, which in May posted a deep first-quarter loss after sales dropped by nearly a third, also said its retail sales and wholesales are expected to fall further in the second quarter compared with the first. "We are making very good progress on my first priority, the rebalancing of supply and demand and reducing dealer stock as we reset the business and restore exclusivity," said Chairman Lawrence Stroll, the Canadian billionaire who took over the role earlier this year after taking a 20% stake in the company.