A new trading day began on Monday, with American Axle & Manufacturing Holdings Inc (NYSE: AXL) stock price up 4.60% from the previous day of trading, before settling in for the closing price of $6.52. AXL’s price has ranged from $5.43 to $8.99 over the past 52 weeks.
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During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -2.26%. Meanwhile, its annual earnings per share averaged 587.00%. With a float of $111.64 million, this company’s outstanding shares have now reached $117.10 million.
Let’s determine the extent of company efficiency that accounts for 19000 employees. In terms of profitability, gross margin is 10.7%, operating margin of 3.79%, and the pretax margin is 0.91%.
American Axle & Manufacturing Holdings Inc (AXL) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of American Axle & Manufacturing Holdings Inc is 5.06%, while institutional ownership is 93.94%.
American Axle & Manufacturing Holdings Inc (AXL) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 587.00% per share during the next fiscal year.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Trading Performance Indicators
Here are American Axle & Manufacturing Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13. Likewise, its price to free cash flow for the trailing twelve months is 6.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach 0.48 in one year’s time.
Technical Analysis of American Axle & Manufacturing Holdings Inc (AXL)
Looking closely at American Axle & Manufacturing Holdings Inc (NYSE: AXL), its last 5-days average volume was 1.28 million, which is a drop from its year-to-date volume of 1.58 million. As of the previous 9 days, the stock’s Stochastic %D was 67.54%. Additionally, its Average True Range was 0.25.
During the past 100 days, American Axle & Manufacturing Holdings Inc’s (AXL) raw stochastic average was set at 62.61%, which indicates a significant decrease from 92.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.40% in the past 14 days, which was higher than the 43.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.18, while its 200-day Moving Average is $6.82. However, in the short run, American Axle & Manufacturing Holdings Inc’s stock first resistance to watch stands at $6.92. Second resistance stands at $7.02. The third major resistance level sits at $7.15. If the price goes on to break the first support level at $6.68, it is likely to go to the next support level at $6.55. Should the price break the second support level, the third support level stands at $6.45.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) Key Stats
With a market capitalization of 801.90 million, the company has a total of 117,581K Shares Outstanding. Currently, annual sales are 6,080 M while annual income is -33,600 K. The company’s previous quarter sales were 1,505 M while its latest quarter income was 10,000 K.
