American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -18.05% lower on its value in year-to-date trading and has touched a low of $6.29 and a high of $9.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AXL stock was last observed hovering at around $7.08 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $7.22, the stock is 0.45% and 0.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 1.98% at the moment leaves the stock -5.23% off its SMA200. AXL registered -0.28% loss for a year compared to 6-month gain of 4.64%.
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The stock witnessed a -1.50% loss in the last 1 month and extending the period to 3 months gives it a -5.74%, and is 3.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 3.00% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $848.64M and $6.08B in sales. Fwd P/E is 13.59. Profit margin for the company is -0.55%. Distance from 52-week low is 14.79% and -24.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.95%).
The EPS is expected to grow by 467.64% this year.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
The shares outstanding are 117.10M, and float is at 110.78M with Short Float at 2.53%.
American Axle & Manufacturing Holdings Inc (AXL) Insider Activity
The most recent transaction is an insider sale by Kemp Terri M.,the company’sSenior VP Human Resources. SEC filings show that Kemp Terri M. sold 40,000 shares of the company’s common stock on Aug 09 ’23 at a price of $8.00 per share for a total of $0.32 million. Following the sale, the insider now owns 0.22 million shares.
