On Tuesday, American Axle & Manufacturing Holdings Inc (NYSE: AXL) opened higher 2.85% from the last session ,before settling in for the closing price of $7.38. Price fluctuations for AXL have ranged from $6.29 to $9.55 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company slipped by -2.26% over the past five years. Company’s average yearly earnings per share was noted 394.00% at the time writing. With a float of $110.75 million, this company’s outstanding shares have now reached $117.10 million.
Let’s look at the performance matrix of the company that is accounted for 19000 employees.
American Axle & Manufacturing Holdings Inc (AXL) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of American Axle & Manufacturing Holdings Inc is 5.78%, while institutional ownership is 100.34%. The most recent insider transaction that took place on Aug 09 ’23, was worth 320,000. In this transaction Senior VP Human Resources of this company sold 40,000 shares at a rate of $8.00, taking the stock ownership to the 216,961 shares.
American Axle & Manufacturing Holdings Inc (AXL) Latest Financial update
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.09 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.19) by $0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 394.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.10% during the next five years compared to 10.97% growth over the previous five years of trading.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Trading Performance Indicators
Check out the current performance indicators for American Axle & Manufacturing Holdings Inc (AXL). In the past quarter, the stock posted a quick ratio of 1.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.15. Likewise, its price to free cash flow for the trailing twelve months is 4.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.29, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.44 in one year’s time.
Technical Analysis of American Axle & Manufacturing Holdings Inc (AXL)
American Axle & Manufacturing Holdings Inc (NYSE: AXL) saw its 5-day average volume 1.1 million, a negative change from its year-to-date volume of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 69.33%. Additionally, its Average True Range was 0.26.
During the past 100 days, American Axle & Manufacturing Holdings Inc’s (AXL) raw stochastic average was set at 45.33%, which indicates a significant decrease from 93.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.90% in the past 14 days, which was lower than the 44.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.35, while its 200-day Moving Average is $7.66. Nevertheless, the first resistance level for the watch stands at $7.68 in the near term. At $7.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.90. If the price goes on to break the first support level at $7.46, it is likely to go to the next support level at $7.33. The third support level lies at $7.24 if the price breaches the second support level.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Key Stats
There are currently 117,540K shares outstanding in the company with a market cap of 892.13 million. Presently, the company’s annual sales total 6,080 M according to its annual income of -33,600 K. Last quarter, the company’s sales amounted to 1,463 M and its income totaled -19,100 K.
