American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -46.83% lower on its value in year-to-date trading and has touched a low of $3.01 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 $3.12 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $3.10, the stock is -22.21% and -32.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -0.64% at the moment leaves the stock -47.32% off its SMA200. AXL registered -57.12% loss for a year compared to 6-month loss of -48.33%. The firm has a 50-day simple moving average (SMA 50) of $4.5936 and a 200-day simple moving average (SMA200) of $5.8841.
The stock witnessed a -30.02% gain in the last 1 month and extending the period to 3 months gives it a -44.14%, and is -9.09% 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 11.24% over the week and 6.26% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $366.82M and $6.12B in sales. Current P/E ratio is 10.78 and Fwd P/E is 5.12. Profit margin for the company is 0.55%. Distance from 52-week low is 2.99% and -61.15% from its 52-week high. The company has generated returns on investments over the last 12 months (1.02%).
The EPS is expected to shrink by -7.01% this year.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
327.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 109.03% of the company’s shares. The shares outstanding are 117.60M, and float is at 110.44M with Short Float at 11.36%. Institutions hold 103.98% 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 15.7911% 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.
American Axle & Manufacturing Holdings Inc (AXL) Insider Activity
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