Deutsche Bank has recently resumed American Axle & Manufacturing Hldngs Inc (AXL) stock to Hold rating, as announced on September 10, 2024, according to Finviz. Earlier, on February 28, 2024, UBS had raised the stock from a Sell to Neutral, setting a price target of $7. UBS also reduced Sell rating with a price target of $6.50. Additionally, BofA Securities reduced Underperform rating on November 28, 2023, with a target price of $8. UBS analysts, in their report published on September 13, 2023, also initiated Neutral rating for American Axle & Manufacturing Hldngs Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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American Axle & Manufacturing Hldngs Inc (AXL) Stock Trading Recap
On Thursday, American Axle & Manufacturing Hldngs Inc (AXL) stock saw a decline, ending the day at $5.65 which represents a decrease of $-0.16 or -2.75% from the prior close of $5.81. The stock opened at $5.78 and touched a low of $5.65 during the day, reaching a high of $5.81. The volume of shares traded was 1.68 million exceeding the average volume of 1.57 million.
AXL Stock Performance and Moving Averages
In recent trading, American Axle & Manufacturing Hldngs Inc (AXL) stock price has shown some volatility, fluctuating -7.98% over the last five trades and -9.60% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -22.81%, and it has plunged by -15.17% in the previous three months. Currently, AXL is trading at -7.19%, -7.60%, and -18.84% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, AXL, a Consumer Cyclical sector stock, is trading -37.19% below its 52-week high but remains 4.05% above its 52-week low. The Average True Range (ATR) (14 days) of 0.21 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
American Axle & Manufacturing Hldngs Inc’s Profitability and Valuation Ratios
American Axle & Manufacturing Hldngs Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 3.44% and a profit margin of 0.01%, with a gross margin of -22.81%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, American Axle & Manufacturing Hldngs Inc’s market capitalization stands at $664.34 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 856.06, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.2. Additionally, the Price-to-Sales Ratio is 0.11, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.09, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 5.06% of American Axle & Manufacturing Hldngs Inc (AXL)’s shares, while financial institutions hold 93.02%.
