The American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is going down by -1.81% in today’s trading session, a fall equivalent to -0.13% of the stock’s price from yesterday’s market close. A news came out on 08/09/19 stating that AAM to Present at the 2019 J.P. Morgan Automotive Conference on August 14 by WSJ. The lowest point that the shares touched during the trading session was $6.97, while the peak of the day was recorded at a share price of $7.35. AXL finished the previous session at $7.18 according to the data provided by Barchart, while the trading volume was observed to be $798,452.
In the 100 days of trading, AXL managed to top a 12.27% Moving average. Additionally, American Axle & Manufacturing Holdings, Inc. shares have achieved a 52-week range between 6.97 and 19.34 alongside 100 days raw stochastic set at 0.74%.
The number of shares outstanding, according to the fundamentals of the company, is set at 116.42M, equal to the value of $835.90M in market capitalization. Financial analysts indicate that AXL shares should be still ranked as a “Outperform”. In the last 30 days, American Axle & Manufacturing Holdings, Inc. shares went down by -44.81%, adding 12.72 to growth in value, on top of a +1.01% boost since 07/15/19.
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Analyst’s Estimates
American Axle & Manufacturing Holdings, Inc. (AXL) could record at least $0.64 per share in quarterly earnings in the upcoming report on 11/01/2019, a number that would actually represent an increase of 5.37% YOY.
According to the average analyst rating, American Axle & Manufacturing Holdings, Inc. would be rated as 2.18. Out of 11 different analysts monitoring AXL stock, 3 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 4 indicate that AXL is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-27-19, the stock earned a Initiated rating due to a new analyst call from Credit Suisse, while analysts from BofA/Merrill believe that the stock is set at Buy from Neutral, as concluded on Feb-20-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Nov-05-18.
Citigroup, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Mar-27-18, giving the stock a Buy from the Neutral rating.
AXL Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +14.33% has been attained, while the operating margin has been recorded at +9.03%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.75%. Beta value of the stock is recorded at 2.12. Additionally, American Axle & Manufacturing Holdings, Inc. is recording price volatility of 6.61% for the period of the last seven days and 6.07% in the last 30 days.
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Technical Outlook
For the period of the last 50 days, American Axle & Manufacturing Holdings, Inc. had its Raw Stochastic average set at 1.11% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 1.21%. Stochastic %K for American Axle & Manufacturing Holdings, Inc., with the last 20 days included, was set at 4.50%, having Stochastic %D topping 4.14%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for American Axle & Manufacturing Holdings, Inc. stocks with recording -55.79% in metrics.
American Axle & Manufacturing Holdings, Inc. Insider Watch:
As far as the position of shares issued by American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) for the period concluded at the market close of 08/14/19, 104 institutional investors increased their positions in AXL shares by 13,242,336, 105 decreased positions by 12,349,645 and 45 institutional investors decided to hold positions at 93,401,090. These numbers put the complete list of institutional holdings set at 118,993,071 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 25 institutional investments with 1,810,373 new shares in addition to having 35 institutional investors selling their positions in 4,247,024 shares.