American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -22.81% lower on its value in year-to-date trading and has touched a low of $4.45 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 $4.55 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $4.50, the stock is -10.65% and -15.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -1.10% at the moment leaves the stock -27.96% off its SMA200. AXL registered -32.74% loss for a year compared to 6-month loss of -23.08%.
The stock witnessed a -8.16% gain in the last 1 month and extending the period to 3 months gives it a -32.13%, and is -3.64% 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 4.11% over the week and 5.15% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $529.11M and $6.12B in sales. Current P/E ratio is 15.65 and Fwd P/E is 6.77. Profit margin for the company is 0.55%. Distance from 52-week low is 1.12% and -43.61% from its 52-week high. The company has generated returns on investments over the last 12 months (1.02%).
with sales reaching $1.43B over the same period.The EPS is expected to grow by 5.73% this year, but quarterly earnings will post -3.57% year-over-year. Quarterly sales are estimated to shrink -10.99% in year-over-year returns.
The shares outstanding are 117.60M, and float is at 107.69M with Short Float at 9.35%.
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.
