As of Thursday close, American Axle & Manufacturing Holdings Inc.’s (NYSE:AXL) stock was down -$0.02, moving down -0.28 percent to $7.19. The average number of shares traded per day over the past five days has been 1,567,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 1,206,160, while in the previous 50 days, it was 1,239,950.
Since last month, AXL stock retreated -0.42%. Shares of the company fell to $7.01 on 08/25/23, the lowest level in the past month. A 52-week high of $11.19 was reached on 02/16/23 after having rallying from a 52-week low of $6.61. Since the beginning of this year, AXL’s stock price has dropped by -8.06% or -$0.63, and marked a new high 10 times. However, the stock has declined by -35.75% since its 52-week high.
AXL stock investors should be aware that American Axle & Manufacturing Holdings Inc. (AXL) stock had its last reported insider trading activity 44 days ago on Aug 09. Kemp Terri M., the Senior VP Human Resources of the company, disposed of 40,000 shares for $8.00 on Aug 09. It resulted in a $320,000 divestment by the insider. Barnes David Eugene sold 29,533 shares at an average price of $9.00 on Mar 01. The insider now owns 104,621 shares following the transaction. On Feb 22, President Forging WILLEMSE NORMAN sold 59,265 shares at $9.00 apiece. The transaction was valued at $533,385.
Valuation Metrics
Right now, American Axle & Manufacturing Holdings Inc. (AXL) has a P/E ratio of about 20.20. The stock’s beta is 2.31. Besides these, the trailing price-to-sales (P/S) ratio of 0.14, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 4.15 may also be considered.
Financial Health
In the three months ended June 29, American Axle & Manufacturing Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 1.70, 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 June 29 was 4.43, and the total debt-to-equity ratio was 4.45. On the profitability front, the trailing twelve-month gross margin is 11.40% percent. In the year ended June 29, EBITDA margin amounted to 13.09%, whereas operating margins totaled 3.50%. Based on annual data, AXL earned $704.9 million in gross profit and brought in $5.8 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 6.10%. Return on equity (ROE) for the past 12 months was 7.00%.
In American Axle & Manufacturing Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $2.85 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 8.4% to $1.49 billion during the quarter, while net income inched up to $1.57 billion. While analysts expected American Axle & Manufacturing Holdings Inc. to report $0.09 quarterly earnings, the actual figure was $0.12 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $178.3 million in EBITDA. The liabilities of American Axle & Manufacturing Holdings Inc. were 4.86 billion at the end of its most recent quarter ended June 29, and its total debt was $2.98 billion. The value of shareholders’ equity is $117.06 million.
Technical Picture
This quick technical analysis looks at American Axle & Manufacturing Holdings Inc.’s (AXL) price momentum. With a historical volatility rate of 24.36%, the RSI 9-day stood at 31.06% on 21 September.
With respect to its five-day moving average, the current American Axle & Manufacturing Holdings Inc. price is down by -5.15% percent or -$0.39. At present, AXL shares trade -1.51% below its 20-day simple moving average and +0.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.48% below its SMA50 and -29.58% below its SMA200.
Stochastic coefficient K was 7.52% and Stochastic coefficient D was 10.33%, while ATR was 0.27. Given the Stochastic reading of 16.67% for the 14-day period, the RSI (14) reading has been calculated as 35.80%. As of today, the MACD Oscillator reading stands at -0.24, while the 14-day reading stands at -0.35.
Analyst Ratings
UBS launched its rating on American Axle & Manufacturing Holdings Inc. (NYSE: AXL) to a Neutral in a note to investors on September 13, 2023. American Axle & Manufacturing Holdings Inc. (AXL) has been rated Hold by analysts. According to 0 brokerage firms, AXL is a sell, and 8 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 2 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $8.00 – $12.00. Based on these forecasts, analysts predict American Axle & Manufacturing Holdings Inc. (AXL) will achieve an average price target of $9.56.
