American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -9.26% lower on its value in year-to-date trading and has touched a low of $4.70 and a high of $7.98 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 $5.25 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $5.29, the stock is 1.08% and -6.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 0.76% at the moment leaves the stock -17.33% off its SMA200. AXL registered -25.39% loss for a year compared to 6-month loss of -18.99%.
The stock witnessed a -9.57% gain in the last 1 month and extending the period to 3 months gives it a -17.08%, and is -9.57% 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 5.26% over the week and 4.99% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $622.00M and $6.12B in sales. Current P/E ratio is 18.39 and Fwd P/E is 9.13. Profit margin for the company is 0.55%. Distance from 52-week low is 12.55% and -33.71% from its 52-week high. The company has generated returns on investments over the last 12 months (1.02%).
The EPS is expected to grow by 3.60% this year
The shares outstanding are 117.60M, and float is at 110.15M with Short Float at 7.06%.
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 7.0312 and valued at over $$57.8 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 4.9944 of the shares totaling 5.87 million with a market value of $$41.06 million.
