The Stock Of The Week: American Axle & Manufacturing Holdings Inc. (AXL)

As of Friday close, American Axle & Manufacturing Holdings Inc.’s (NYSE:AXL) stock was up $0.73, moving up 8.59 percent to $9.23. The average number of shares traded per day over the past five days has been 1,578,100 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 1,284,685, while in the previous 50 days, it was 1,685,572.

Since last month, AXL stock rose 24.73%. Shares of the company fell to $6.80 on 07/06/22, the lowest level in the past month. A 52-week high of $10.91 was reached on 01/07/22 after having rallying from a 52-week low of $6.36. Since the beginning of this year, AXL’s stock price has dropped by -1.07% or -$0.10, and marked a new high 4 times. However, the stock has declined by -15.40% since its 52-week high.


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Valuation Metrics

The stock’s beta is 2.15. Besides these, the trailing price-to-sales (P/S) ratio of 0.20, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 4.02 may also be considered.

Financial Health

In the three months ended March 30, American Axle & Manufacturing Holdings Inc.’s quick ratio stood at 1.40, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 6.32, and the total debt-to-equity ratio was 6.36. On the profitability front, the trailing twelve-month gross margin is 13.20% percent. In the year ended March 30, operating margins totaled 3.50%. Based on annual data, AXL earned $722.7 million in gross profit and brought in $5.16 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.50%. Return on equity (ROE) for the past 12 months was -6.70%.

In American Axle & Manufacturing Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $3.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AXL’s revenue rose 0.77% to $1.24 billion during the quarter, while net income inched up to $1.44 billion. While analysts expected American Axle & Manufacturing Holdings Inc. to report $0.02 quarterly earnings, the actual figure was $0.19 per share. During the quarter, the company generated $190.7 million in EBITDA. The liabilities of American Axle & Manufacturing Holdings Inc. were 5.24 billion at the end of its most recent quarter ended March 30, and its total debt was $3.21 billion. The value of shareholders’ equity is $114.49 million.

Technical Picture

This quick technical analysis looks at American Axle & Manufacturing Holdings Inc.’s (AXL) price momentum. With a historical volatility rate of 50.03%, the RSI 9-day stood at 69.78% on 05 August.

With respect to its five-day moving average, the current American Axle & Manufacturing Holdings Inc. price is up by +3.59% percent or $0.32. At present, AXL shares trade +24.90% above its 20-day simple moving average and +14.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +35.74% above its SMA50 and -10.21% below its SMA200.

Stochastic coefficient K was 76.94% and Stochastic coefficient D was 79.17%, while ATR was 0.40. Given the Stochastic reading of 99.14% for the 14-day period, the RSI (14) reading has been calculated as 64.68%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.15.

Analyst Ratings

Exane BNP Paribas launched its rating on American Axle & Manufacturing Holdings Inc. (NYSE: AXL) to a Neutral in a note to investors on April 11, 2022. American Axle & Manufacturing Holdings Inc. (AXL) has been rated Overweight by analysts. According to 0 brokerage firms, AXL is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate American Axle & Manufacturing Holdings Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $8.70, the current consensus forecast for the stock is $7.00 – $15.00. Based on these forecasts, analysts predict American Axle & Manufacturing Holdings Inc. (AXL) will achieve an average price target of $9.80.

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