What You Need To Know About American Axle & Manufacturing Holdings Inc. (AXL)

American Axle & Manufacturing Holdings Inc. (NYSE:AXL) finished Wednesday with an addition of $0.01 to close at $10.46, an upside of 0.10 percent. An average of 1,348,060 shares of common stock have been traded in the last five days. There was a gain of $1.31 in the past week. The last 20 days have seen an average of 1,464,055 shares traded, while the 50-day average volume stands at 1,174,284.

AXL stock has increased by 26.94% in the last month. The company shares reached their 1-month lowest point of $7.90 on 09/21/21. With the stock rallying to its 52-week high on 06/03/21, shares of the company touched a low of $6.33 and a high of $13.06 in 52 weeks. In spite of this, the price is down -19.88% from the 52-week high.

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Insider Transactions

213 days have passed since American Axle & Manufacturing Holdings Inc. (AXL) last reported insider trading activity. Kemp Terri M., who is VP Human Resources, most recently acquired $25,000 shares at $12.56 per share on Mar 15.

Valuation Metrics

American Axle & Manufacturing Holdings Inc. (AXL) has a trailing price-to-earnings (P/E) ratio of 5.77, which compares with the 15.45 for the broader industry and 31.09 for the sector. In the last five years, American Axle & Manufacturing Holdings Inc.’s PE ratio has ranged between 6.951 and 2.907. The stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.21, the price-to-book (PB) ratio at 2.70, and the price-to-cash flow ratio at 1.59.

The quick ratio of American Axle & Manufacturing Holdings Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 7.07 and a total debt to equity ratio of 7.33 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 16.20% against a 5-year average of 15.6%. American Axle & Manufacturing Holdings Inc.’s EBITDA margin for the year ending June 29 is 15.15%, while its operating margin for the same period stands at 7.30%. Its gross profit as reported stood at $582.7 million compared to revenue of $4.71 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, American Axle & Manufacturing Holdings Inc.’s return on assets was 3.50%, compared to -0.7% over the last five years. In the past year, the return on investment has been -9.20%, and the 5-year average is 3.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been 52.90% and the 5-year average holds at -7.2%. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.28 billion in the quarter, while revenues of $1.43 billion were grew 59.85%. The analyst consensus anticipated American Axle & Manufacturing Holdings Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.29, a 866.70% surprise. For the quarter, EBITDA amounted to $210.0 million. Shareholders own equity worth $114.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at American Axle & Manufacturing Holdings Inc. (AXL) price momentum. RSI 9-day as of the close on 13 October was 77.70%, suggesting the stock is Overbought, with historical volatility in this time frame at 29.40%.

As of today, AXL’s price is $10.08 +14.32% or $1.31 from its 5-day moving average. AXL is currently trading +23.79% higher than its 20-day SMA and -6.02% lower than its 100-day SMA. However, the stock’s current price level is +5.76% above the SMA50 and +24.38% above the SMA200.

The stochastic %K and %D were 94.16% and 94.74%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 94.50% and the average true range at 0.40, the RSI (14) stands at 70.67%. The stock has reached 0.67 on the 9-day MACD Oscillator while the 14-day reading was at 0.92.

Analyst Ratings

KeyBanc Capital Markets upgraded American Axle & Manufacturing Holdings Inc. (NYSE: AXL) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a a Sector weight.The consensus rating for American Axle & Manufacturing Holdings Inc. (AXL) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AXL, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is AXL’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $15.00, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for American Axle & Manufacturing Holdings Inc. (AXL) stock is $11.13.


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