The American Axle & Manufacturing Holdings Inc. (NYSE:AXL) is going up by 4.85% in today’s trading session, a rise equivalent to 0.5% of the stock’s price from yesterday’s market close. A news came out on 11/01/19 stating that AAM Reports Third Quarter 2019 Financial Results by WSJ. The lowest point that the shares touched during the trading session was $10.21, while the peak of the day was recorded at a share price of $10.705. AXL finished the previous session at $10.41 according to the data provided by Barchart, while the trading volume was observed to be $792135.
In the 100 days of trading, AXL managed to top a 9.18% Moving average. Additionally, American Axle & Manufacturing Holdings Inc. shares have achieved a 52-week range between 5.86 and 17.20 alongside 100 days raw stochastic set at 73.38%.
The number of shares outstanding, according to the fundamentals of the company, is set at 92.28M, equal to the value of $960.63M in market capitalization. In the last 30 days, American Axle & Manufacturing Holdings Inc. shares went down by -2.79%, adding 11.21 to growth in value, on top of a +61.05% boost since 10/07/19.
American Axle & Manufacturing Holdings Inc. (NYSE:AXL) Analyst’s Estimates
American Axle & Manufacturing Holdings Inc. (AXL) could record at least $0.41 per share in quarterly earnings in the upcoming report on 02/14/2020, a number that would actually represent an increase of 2.05 YOY.
On November 05, 2019, the stock earned a Downgrade rating due to a new analyst call from Barclays, while analysts from Credit Suisse believe that the stock is set at Outperform, as concluded on June 27, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on February 20, 2019.
Wolfe Research, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 02, 2018, giving the stock a Outperform 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 2.18. Additionally, American Axle & Manufacturing Holdings Inc. is recording price volatility of 10.27% for the period of the last seven days and 6.03% 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 94.14% 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 91.46%. Stochastic %K for American Axle & Manufacturing Holdings Inc., with the last 20 days included, was set at 86.18%, having Stochastic %D topping 87.90%. 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 -6.22% in metrics.
American Axle & Manufacturing Holdings Inc. Insider Watch:
Similarly, 112.21% of the company’s float is held by institutions – and there are 313 institutions in total holding shares of this company. The top three institutional holders of AXL stocks are: Blackrock Inc. with ownership of $215.0 million, which is approximately 16865767 of the company’s shares; Vanguard Group, Inc. (The), holding 12333245 shares of the stock with an approximate value of $157.0 million; and Dimensional Fund Advisors LP, currently with more than 9456287 shares of the company valued at $120.0 million. Positions in American Axle & Manufacturing Holdings Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 11 insider purchases amounting to 123761 shares. Similarly, there were 1 sale transactions amounting to 14876 shares, with the net shares purchased during the last six months reaching 108,885.