American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -26.93% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $7.71 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 $4.29 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.26, the stock is -3.92% and 7.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -0.70% at the moment leaves the stock -20.42% off its SMA200. AXL registered -45.10% loss for a year compared to 6-month loss of -37.99%. The firm has a 50-day simple moving average (SMA 50) of $3.971 and a 200-day simple moving average (SMA200) of $5.3528.
The stock witnessed a -1.62% gain in the last 1 month and extending the period to 3 months gives it a -7.19%, and is -1.62% 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 1.66% over the week and 2.67% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $505.50M and $5.93B in sales. Current P/E ratio is 24.26 and Fwd P/E is 8.90. Profit margin for the company is 0.35%. Distance from 52-week low is 42.00% and -44.75% from its 52-week high. The company has generated returns on investments over the last 12 months (0.63%).
The EPS is expected to shrink by -26.90% this year.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
343.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 116.38% of the company’s shares. The shares outstanding are 118.30M, and float is at 106.81M with Short Float at 16.06%. Institutions hold 110.90% 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.
