American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -19.04% 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 $4.87 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $4.72, the stock is -12.79% and -19.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -3.08% at the moment leaves the stock -27.30% off its SMA200. AXL registered -42.44% loss for a year compared to 6-month loss of -22.11%. The firm has a 50-day simple moving average (SMA 50) of $5.914 and a 200-day simple moving average (SMA200) of $6.5064.
The stock witnessed a -13.24% gain in the last 1 month and extending the period to 3 months gives it a -30.28%, and is -7.81% 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 2.97% over the week and 4.08% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $554.98M and $6.21B in sales. Current P/E ratio is 19.94 and Fwd P/E is 10.67. Profit margin for the company is 0.45%. Distance from 52-week low is -1.67% and -47.44% 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.
The shares outstanding are 117.60M, and float is at 110.39M with Short Float at 7.05%.
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.
