American Axle & Manufacturing Holdings Inc (NYSE: AXL) on Monday, soared 0.69% from the previous trading day, before settling in for the closing price of $5.76. Within the past 52 weeks, AXL’s price has moved between $5.43 and $8.99.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -2.26%. The company achieved an average annual earnings per share of 421.01%. With a float of $111.64 million, this company’s outstanding shares have now reached $117.10 million.
Considering the fact that the conglomerate employs 19000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 9.97%, operating margin of 3.48%, and the pretax margin is 0.63%.
American Axle & Manufacturing Holdings Inc (AXL) Breakdown of a Key Holders of the stock
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of American Axle & Manufacturing Holdings Inc is 5.06%, while institutional ownership is 93.11%.
American Axle & Manufacturing Holdings Inc (AXL) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.11 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.01) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 421.01% per share during the next fiscal year.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Trading Performance Indicators
American Axle & Manufacturing Holdings Inc (AXL) is currently performing well based on its current performance indicators. A quick ratio of 1.30 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11. Likewise, its price to free cash flow for the trailing twelve months is 3.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 0.46 in one year’s time.
Technical Analysis of American Axle & Manufacturing Holdings Inc (AXL)
Compared to the last year’s volume of 1.56 million, its volume of 1.71 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.58%. Additionally, its Average True Range was 0.20.
During the past 100 days, American Axle & Manufacturing Holdings Inc’s (AXL) raw stochastic average was set at 16.67%, which indicates a significant increase from 16.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.64% in the past 14 days, which was higher than the 40.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.09, while its 200-day Moving Average is $6.94. Nevertheless, the first resistance level for the watch stands at $5.88 in the near term. At $5.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.02. If the price goes on to break the first support level at $5.74, it is likely to go to the next support level at $5.67. Now, if the price goes above the second support level, the third support stands at $5.60.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Key Stats
Market capitalization of the company is 695.25 million based on 117,581K outstanding shares. Right now, sales total 6,080 M and income totals -33,600 K. The company made 1,632 M in profit during its latest quarter, and 17,500 K in sales during its previous quarter.
