American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -26.11% lower on its value in year-to-date trading and has touched a low of $5.99 and a high of $8.99 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 $6.53 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $6.51, the stock is 0.18% and -4.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.31% at the moment leaves the stock -11.58% off its SMA200. AXL registered -9.08% loss for a year compared to 6-month gain of -2.98%.
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The stock witnessed a -9.71% loss in the last 1 month and extending the period to 3 months gives it a -12.15%, and is 1.24% 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 2.75% over the week and 4.29% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $765.45M and $6.25B in sales. Current P/E ratio is 986.36 and Fwd P/E is 11.85. Profit margin for the company is 0.01%. Distance from 52-week low is 8.68% and -27.63% from its 52-week high. The company has generated returns on investments over the last 12 months (0.03%).
with sales reaching $1.54B over the same period.The EPS is expected to grow by 446.12% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to shrink -0.90% in year-over-year returns.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
325.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 98.04% of the company’s shares. The shares outstanding are 117.10M, and float is at 110.63M with Short Float at 2.53%. Institutions hold 94.13% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.57 million shares valued at $129.81 million. The investor’s holdings represent 15.845% of the AXL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.65 million shares valued at $102.39 million to account for 12.4984 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 8.27 million shares representing 7.0552% and valued at over $57.8 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 5.0114 of the shares totaling 5.87 million with a market value of $41.06 million.
American Axle & Manufacturing Holdings Inc (AXL) Insider Activity
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