American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -12.18% lower on its value in year-to-date trading and has touched a low of $4.80 and a high of $8.98 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 $5.09 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.12, the stock is -8.57% and -15.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 0.59% at the moment leaves the stock -21.87% off its SMA200. AXL registered -37.64% loss for a year compared to 6-month loss of -19.50%. The firm has a 50-day simple moving average (SMA 50) of $6.0638 and a 200-day simple moving average (SMA200) of $6.5628.
The stock witnessed a -11.11% gain in the last 1 month and extending the period to 3 months gives it a -11.11%, and is -2.29% 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 4.92% over the week and 4.05% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $602.01M and $6.21B in sales. Current P/E ratio is 21.63 and Fwd P/E is 11.58. Profit margin for the company is 0.45%. Distance from 52-week low is 6.67% and -42.98% from its 52-week high. The company has generated returns on investments over the last 12 months (0.83%).
with sales reaching $1.39B over the same period.The EPS is expected to grow by 614.24% this year, but quarterly earnings will post 0.84% year-over-year. Quarterly sales are estimated to shrink -4.76% in year-over-year returns.
313.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 105.31% of the company’s shares. The shares outstanding are 117.60M, and float is at 111.33M with Short Float at 4.55%. Institutions hold 101.51% 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.
