American Axle & Manufacturing Holdings Inc (NYSE: AXL) has a price-to-earnings ratio of 961.41x that is above its average ratio. Additionally, the 36-month beta value for AXL is 1.96. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 3 rating it as “sell.”
The public float for AXL is 110.50M and currently, short sellers hold a 2.53% ratio of that float. The average trading volume of AXL on August 22, 2024 was 1.36M shares.
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AXL) stock’s latest price update
American Axle & Manufacturing Holdings Inc (NYSE: AXL)’s stock price has gone decline by -0.70 in comparison to its previous close of 6.39, however, the company has experienced a 0.24% increase in its stock price over the last five trading days. zacks.com reported 2024-08-22 that AXL, QFIN, and DKL made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 22, 2024.
AXL’s Market Performance
American Axle & Manufacturing Holdings Inc (AXL) has seen a 0.24% rise in stock performance for the week, with a -10.50% decline in the past month and a -14.37% plunge in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 4.31% for AXL. The simple moving average for the last 20 days is -3.43% for AXL’s stock, with a simple moving average of -13.89% 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 -7.49% 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 -29.46% of loss for the given period.
Volatility was left at 4.31%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -9.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.15% lower at present.
During the last 5 trading sessions, AXL rose by +0.16%, which changed the moving average for the period of 200-days by -12.43% in comparison to the 20-day moving average, which settled at $6.54. In addition, American Axle & Manufacturing Holdings Inc saw -27.98% in overturn over a single year, with a tendency to cut further losses.
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 0.0. The total capital return value is set at 0.05. Equity return is now at value 0.14, with 0.02 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 4.5. The interest coverage ratio of the stock is 98.86.
Currently, EBITDA for the company is 634.4 million with net debt to EBITDA at 4.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 6.69for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
In conclusion, American Axle & Manufacturing Holdings Inc (AXL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
