American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -28.72% lower on its value in year-to-date trading and has touched a low of $5.43 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 $6.51 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $6.28, the stock is 1.87% and 3.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -3.53% at the moment leaves the stock -8.76% off its SMA200. AXL registered -12.78% loss for a year compared to 6-month loss of -20.51%. The firm has a 50-day simple moving average (SMA 50) of $6.097 and a 200-day simple moving average (SMA200) of $6.88265.
The stock witnessed a 1.62% gain in the last 1 month and extending the period to 3 months gives it a -1.10%, and is 0.96% 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 5.30% over the week and 3.77% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $738.41M and $6.21B in sales. Current P/E ratio is 26.53 and Fwd P/E is 12.96. Profit margin for the company is 0.45%. Distance from 52-week low is 15.65% and -30.18% from its 52-week high. The company has generated returns on investments over the last 12 months (0.83%).
The EPS is expected to grow by 543.79% this year
313.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 99.04% of the company’s shares. The shares outstanding are 117.10M, and float is at 111.64M with Short Float at 3.97%. Institutions hold 95.09% 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.
