American Axle & Manufacturing Holdings Inc. [AXL] Stock trading around $7.78 per share: What’s Next?

American Axle & Manufacturing Holdings Inc. [NYSE: AXL] traded at a high on 06/12/20, posting a 9.27 gain after which it closed the day’ session at $7.78. The results of the trading session contributed to over 1710342 shares changing hands. Over the past one week, the price volatility of American Axle & Manufacturing Holdings Inc. stands at 7.64% while the volatility over the past one month is 8.50%.

The market cap for AXL stock reached $805.23 million, with 112.70 million shares outstanding and 111.06 million shares in the current float. Compared to the average trading volume of 2.92M shares, AXL reached a trading volume of 1710342 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about American Axle & Manufacturing Holdings Inc. [AXL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXL shares is $8.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXL stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for American Axle & Manufacturing Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 27, 2020. The new note on the price target was released on March 30, 2020, representing the official price target for American Axle & Manufacturing Holdings Inc. stock. Previously, the target price had yet another raise to $5, while RBC Capital Mkts analysts kept a Sector Perform rating on AXL stock. On January 24, 2020, analysts increased their price target for AXL shares from 11 to 12.

The Average True Range (ATR) for American Axle & Manufacturing Holdings Inc. is set at 0.72, with the Price to Sales ratio for AXL stock in the period of the last 12 months amounting to 0.13. The Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 6.60.

How has AXL stock performed recently?

American Axle & Manufacturing Holdings Inc. [AXL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.09. With this latest performance, AXL shares gained by 58.78% in over the last four-week period, additionally sinking by -26.12% over the last 6 months – not to mention a drop of -33.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXL stock in for the last two-week period is set at 56.63, with the RSI for the last a single of trading hit 52.24, and the three-weeks RSI is set at 57.28 for American Axle & Manufacturing Holdings Inc. [AXL]. The present Moving Average for the last 50 days of trading for this stock 5.42, while it was recorded at 8.25 for the last single week of trading, and 7.61 for the last 200 days.

American Axle & Manufacturing Holdings Inc. [AXL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and American Axle & Manufacturing Holdings Inc. [AXL] shares currently have an operating margin of +6.68 and a Gross Margin at +12.26. American Axle & Manufacturing Holdings Inc.’s Net Margin is presently recorded at -7.42.

Return on Total Capital for AXL is now 8.69, given the latest momentum, and Return on Invested Capital for the company is -9.83. Return on Equity for this stock declined to -39.37, with Return on Assets sitting at -6.85. When it comes to the capital structure of this company, American Axle & Manufacturing Holdings Inc. [AXL] has a Total Debt to Total Equity ratio set at 385.31. Additionally, AXL Total Debt to Total Capital is recorded at 79.39, with Total Debt to Total Assets ending up at 56.69. Long-Term Debt to Equity for the company is recorded at 379.81, with the Long-Term Debt to Total Capital now at 78.26.

Reflecting on the efficiency of the workforce at the company, American Axle & Manufacturing Holdings Inc. [AXL] managed to generate an average of -$24,225 per employee. Receivables Turnover for the company is 7.19 with a Total Asset Turnover recorded at a value of 0.92.American Axle & Manufacturing Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.

Earnings analysis for American Axle & Manufacturing Holdings Inc. [AXL]

With the latest financial reports released by the company, American Axle & Manufacturing Holdings Inc. posted 0.55/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AXL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Axle & Manufacturing Holdings Inc. go to -7.44%.

Insider trade positions for American Axle & Manufacturing Holdings Inc. [AXL]

There are presently around $818 million, or 94.80% of AXL stock, in the hands of institutional investors. The top three institutional holders of AXL stocks are: BLACKROCK INC. with ownership of 17,257,646, which is approximately -9.341% of the company’s market cap and around 2.80% of the total institutional ownership; VANGUARD GROUP INC, holding 13,082,105 shares of the stock with an approximate value of $101.78 million in AXL stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $73.31 million in AXL stock with ownership of nearly 0.933% of the company’s market capitalization.

Positions in American Axle & Manufacturing Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 97 institutional holders increased their position in American Axle & Manufacturing Holdings Inc. [NYSE:AXL] by around 13,305,999 shares. Additionally, 106 investors decreased positions by around 18,379,708 shares, while 43 investors held positions by with 73,395,435 shares. The mentioned changes placed institutional holdings at 105,081,142 shares, according to the latest SEC report filing. AXL stock had 27 new institutional investments in for a total of 2,186,753 shares, while 48 institutional investors sold positions of 6,413,026 shares during the same period.

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