American Axle & Manufacturing Holdings Inc (AXL) concluded trading on Wednesday at a closing price of $5.24, with 6.8 million shares of worth about $35.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.51% during that period and on January 29, 2025 the price saw a loss of about -9.97%. Currently the company’s common shares owned by public are about 117.60M shares, out of which, 111.64M shares are available for trading.
Stock saw a price change of -7.58% in past 5 days and over the past one month there was a price change of -12.52%. Year-to-date (YTD), AXL shares are showing a performance of -10.12% which decreased to -34.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.41 but also hit the highest price of $8.98 during that period. The average intraday trading volume for American Axle & Manufacturing Holdings Inc shares is 1.61 million. The stock is currently trading -9.00% below its 20-day simple moving average (SMA20), while that difference is down -14.78% for SMA50 and it goes to -20.60% lower than SMA200.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) currently have 117.60M outstanding shares and institutions hold larger chunk of about 93.97% of that.
The stock has a current market capitalization of $616.12M and its 3Y-monthly beta is at 1.94. PE ratio of stock for trailing 12 months is 22.14, while it has posted earnings per share of $0.24 in the same period. It has Quick Ratio of 1.29 while making debt-to-equity ratio of 4.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AXL, volatility over the week remained 3.98% while standing at 3.69% over the month.
Stock’s fiscal year EPS is expected to rise by 579.93% while it is estimated to increase by 1.99% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on September 10, 2024 offering a Hold rating for the stock and assigned a target price of $6 to it. Coverage by UBS stated American Axle & Manufacturing Holdings Inc (AXL) stock as a Neutral in their note to investors on February 28, 2024, suggesting a price target of $7 for the stock. On January 17, 2024, UBS Downgrade their recommendations, while on November 28, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Neutral rating from UBS on September 13, 2023.
