American Axle & Manufacturing Holdings Inc (NYSE: AXL) is -40.65% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $7.65 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 -1.36%.
Currently trading at $2.93M, the stock is -3.39% and 2.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.23 million and changing 7228360% at the moment leaves the stock -20.47% off its SMA200. AXL registered -28.13% loss for a year compared to 6-month loss of -34.22%. The firm has a 50-day simple moving average (SMA 50) of $4.0752 and a 200-day simple moving average (SMA200) of $5.26815.
The stock witnessed a -8.32% gain in the last 1 month and extending the period to 3 months gives it a -9.70%, and is -5.63% 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 3.15% over the week and 2.68% over the month.
American Axle & Manufacturing Holdings Inc (AXL) has around 19000 employees, a market worth around $497.20M and $5.93B in sales. Current P/E ratio is 23.86 and Fwd P/E is 8.83. Profit margin for the company is 0.35%. Distance from 52-week low is 39.67% and -45.23% 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 -28.13% this year.
American Axle & Manufacturing Holdings Inc (AXL) Top Institutional Holders
341.0 institutions hold shares in American Axle & Manufacturing Holdings Inc (AXL), with institutional investors hold 120.55% of the company’s shares. The shares outstanding are 118.30M, and float is at 106.87M with Short Float at 15.43%. Institutions hold 114.81% 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.
American Axle & Manufacturing Holdings Inc (AXL) Insider Activity
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