American Axle & Manufacturing Holdings Inc. (NYSE:AXL) finished Wednesday with a subtraction of -$0.48 to close at $7.76, a downside of -5.83 percent. An average of 2,155,400 shares of common stock have been traded in the last five days. There was a fall of -$1.17 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,386,225 shares traded, while the 50-day average volume stands at 1,380,028.
AXL stock has decreased by -23.40% in the last month. The company shares reached their 1-month lowest point of $7.72 on 09/21/22. With the stock rallying to its 52-week high on 08/16/22, shares of the company touched a low of $6.36 and a high of $11.96 in 52 weeks. It has reached a new high 9 times so far this year and lost -16.83% or -$1.57 in price. In spite of this, the price is down -35.12% from the 52-week high.
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American Axle & Manufacturing Holdings Inc. (AXL) stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.17, the price-to-book (PB) ratio at 1.89, and the price-to-cash flow ratio at 3.86.
The quick ratio of American Axle & Manufacturing Holdings Inc. for the three months ended June 29 was 1.30, 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 6.47 and a total debt to equity ratio of 6.50 for the quarter ending June 29. Its gross profit as reported stood at $722.7 million compared to revenue of $5.16 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 -0.40%.
For the three-month period that ended June 29, American Axle & Manufacturing Holdings Inc. had $3.03 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $22.9 million in the quarter, while revenues were grew 30.13%. The analyst consensus anticipated American Axle & Manufacturing Holdings Inc.’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.22, a 120.00% surprise. For the quarter, EBITDA amounted to $179.6 million. Shareholders own equity worth $114.55 million.
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 21 September was 22.36%, suggesting the stock is oversold, with historical volatility in this time frame at 63.32%.
As of today, AXL’s price is $8.51 -13.10% or -$1.17 from its 5-day moving average. AXL is currently trading -24.37% lower than its 20-day SMA and +14.79% higher than its 100-day SMA.
The stochastic %K and %D were 8.18% and 12.13%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 1.29% and the average true range at 0.52, the RSI (14) stands at 29.54%. The stock has reached -0.64 on the 9-day MACD Oscillator while the 14-day reading was at -1.01.
BofA Securities downgraded American Axle & Manufacturing Holdings Inc. (NYSE: AXL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for American Axle & Manufacturing Holdings Inc. (AXL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AXL, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 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 $8.50 and $13.00, with a median target of $9.97. Taking a look at these predictions, the average price target given by analysts for American Axle & Manufacturing Holdings Inc. (AXL) stock is $10.43.