Shares of Austal are shown to fall by nearly 14.4% to A$1.910, reflecting a likelihood of their worst performing day since July 26 if the trend continues.

The international shipbuilder and defense prime contractor recently reported its half-yearly revenue of A$717.7 million ($470.67 million) which is lower compared to the A$775.0 million recorded in the year prior.

Furthermore, Austal stated that no dividend was sanctioned for this timeframe.

The stock seems to be steering towards a second consecutive session of losses, if it continues on its current path.

However, the stock noted an almost 10% increase in value within this year up to the last close.

Austal (ASX:ASB) is a global shipbuilder and defense prime contractor.