At the time of writing, American Axle & Manufacturing Holdings Inc [AXL] stock is trading at $7.74, up 1.31%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AXL shares have gain 4.45% over the last week, with a monthly amount glided 5.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
American Axle & Manufacturing Holdings Inc [NYSE: AXL] stock has seen the most recent analyst activity on February 28, 2024, when UBS upgraded its rating to a Neutral but kept the price target unchanged to $7 for it. Previously, UBS downgraded its rating to Sell on January 17, 2024, and dropped its price target to $6.50. On November 28, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $8 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $9 on September 13, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $10 as its price target on February 15, 2023. BofA Securities downgraded its rating to Neutral for this stock on September 09, 2022, and downed its price target to $13. In a note dated August 18, 2022, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of American Axle & Manufacturing Holdings Inc fluctuated between $6.29 and $9.55. Currently, Wall Street analysts expect the stock to reach $9.25 within the next 12 months. American Axle & Manufacturing Holdings Inc [NYSE: AXL] shares were valued at $7.74 at the most recent close of the market. An investor can expect a potential return of 19.51% based on the average AXL price forecast.
Analyzing the AXL fundamentals
According to American Axle & Manufacturing Holdings Inc [NYSE:AXL], the company’s sales were 6.19B for trailing twelve months, which represents an 7.56% jump. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.57 points at the first support level, and at 7.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.84, and for the 2nd resistance point, it is at 7.93.
Ratios To Look Out For
It is important to note that American Axle & Manufacturing Holdings Inc [NYSE:AXL] has a current ratio of 1.69. In addition, the Quick Ratio stands at 1.31 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 1.46.
Transactions by insiders
Recent insider trading involved Kemp Terri M., Senior VP Human Resources, that happened on Aug 09 ’23 when 40000.0 shares were sold.
