American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -34.48% lower on its value in year-to-date trading and has touched a low of $3.00 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 $3.84 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $3.82, the stock is 11.06% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -0.52% at the moment leaves the stock -32.73% off its SMA200. AXL registered -49.20% loss for a year compared to 6-month loss of -36.33%. The firm has a 50-day simple moving average (SMA 50) of $4.2168 and a 200-day simple moving average (SMA200) of $5.67885.
The stock witnessed a -6.14% gain in the last 1 month and extending the period to 3 months gives it a -27.10%, and is 12.68% up 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 5.24% over the week and 6.86% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $452.03M and $6.12B in sales. Current P/E ratio is 13.28 and Fwd P/E is 7.01. Profit margin for the company is 0.55%. Distance from 52-week low is 27.33% and -52.13% 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 -25.45% this year
328.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 109.29% of the company’s shares. The shares outstanding are 117.60M, and float is at 109.48M with Short Float at 12.79%. Institutions hold 104.09% 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 12.4558 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.
