AXL has 36-month beta value of 2.23. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 3 as “sell.”
The public float for AXL is 110.75M, and currently, short sellers hold a 8.24% ratio of that float. The average trading volume of AXL on April 03, 2024 was 1.96M shares.
AXL) stock’s latest price update
American Axle & Manufacturing Holdings Inc (NYSE: AXL)’s stock price has plunge by -0.69relation to previous closing price of 7.24. Nevertheless, the company has seen a 0.28% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
AXL’s Market Performance
American Axle & Manufacturing Holdings Inc (AXL) has experienced a 0.28% rise in stock performance for the past week, with a 4.66% rise in the past month, and a -18.39% drop in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 3.54% for AXL. The simple moving average for the last 20 days is 4.20% for AXL stock, with a simple moving average of -6.42% for the last 200 days.
Analysts’ Opinion of AXL
Many brokerage firms have already submitted their reports for AXL stocks, with UBS repeating the rating for AXL by listing it as a “Neutral.” The predicted price for AXL in the upcoming period, according to UBS is $7 based on the research report published on February 28, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see AXL reach a price target of $6.50, previously predicting the price at $8. The rating they have provided for AXL stocks is “Sell” according to the report published on January 17th, 2024.
BofA Securities gave a rating of “Underperform” to AXL, setting the target price at $8 in the report published on November 28th of the previous year.
AXL Trading at -2.98% from the 50-Day Moving Average
After a stumble in the market that brought AXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.71% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +6.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.39% lower at present.
During the last 5 trading sessions, AXL rose by +0.28%, which changed the moving average for the period of 200-days by -10.79% in comparison to the 20-day moving average, which settled at $6.92. In addition, American Axle & Manufacturing Holdings Inc saw -18.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AXL starting from Kemp Terri M., who sale 40,000 shares at the price of $8.00 back on Aug 09 ’23. After this action, Kemp Terri M. now owns 216,961 shares of American Axle & Manufacturing Holdings Inc, valued at $320,000 using the latest closing price.
Stock Fundamentals for AXL
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.1 for the gross margin
The net margin for American Axle & Manufacturing Holdings Inc stands at -0.01. The total capital return value is set at 0.04. Equity return is now at value -5.47, with -0.62 for asset returns.
Based on American Axle & Manufacturing Holdings Inc (AXL), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 4.63. The interest coverage ratio of the stock is 1.61.
Currently, EBITDA for the company is 634.4 million with net debt to EBITDA at 4.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 7.15for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
To put it simply, American Axle & Manufacturing Holdings Inc (AXL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
