American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -22.47% 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 $6.61 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $6.83, the stock is 6.52% and 9.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 3.33% at the moment leaves the stock 0.60% off its SMA200. AXL registered -1.87% loss for a year compared to 6-month loss of -11.76%. The firm has a 50-day simple moving average (SMA 50) of $6.21 and a 200-day simple moving average (SMA200) of $6.7982.
The stock witnessed a 20.88% gain in the last 1 month and extending the period to 3 months gives it a 9.81%, and is 4.75% 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 3.44% over the week and 3.81% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $792.29M and $6.21B in sales. Current P/E ratio is 28.86 and Fwd P/E is 14.16. Profit margin for the company is 0.45%. Distance from 52-week low is 25.78% and -24.07% from its 52-week high. The company has generated returns on investments over the last 12 months (0.83%).
with sales reaching $1.38B over the same period.The EPS is expected to grow by 587.00% this year, but quarterly earnings will post 0.78% year-over-year. Quarterly sales are estimated to shrink -5.45% in year-over-year returns.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
318.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 100.09% of the company’s shares. The shares outstanding are 117.60M, and float is at 111.64M with Short Float at 4.50%. Institutions hold 96.10% 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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