American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -29.74% 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 $6.15 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $6.19, the stock is 0.23% and 0.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 0.65% at the moment leaves the stock -9.56% off its SMA200. AXL registered -14.03% loss for a year compared to 6-month loss of -16.46%. The firm has a 50-day simple moving average (SMA 50) of $6.1328 and a 200-day simple moving average (SMA200) of $6.8442.
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The stock witnessed a 2.31% gain in the last 1 month and extending the period to 3 months gives it a -0.96%, and is -4.92% down 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 3.80% over the week and 3.75% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $727.82M and $6.21B in sales. Current P/E ratio is 26.15 and Fwd P/E is 12.63. Profit margin for the company is 0.45%. Distance from 52-week low is 14.00% and -31.18% 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 574.66% this year
315.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 99.91% 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 95.93% 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.
