At the time of writing, American Axle & Manufacturing Holdings Inc [AXL] stock is trading at $6.13, up 3.37%. 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 8.50% over the last week, with a monthly amount drifted -3.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS upgraded its rating to Neutral on February 28, 2024, and kept the price target unchanged to $7. On January 17, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $6.50 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $8 on November 28, 2023. UBS initiated its recommendation with a Neutral and recommended $9 as its price target on September 13, 2023. Barclays started tracking with a Equal Weight rating for this stock on February 15, 2023, and assigned it a price target of $10. In a note dated September 09, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $16 to $13.
For the past year, the stock price of American Axle & Manufacturing Holdings Inc fluctuated between $5.43 and $8.99. 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 $6.13 at the most recent close of the market. An investor can expect a potential return of 50.9% 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 6.25B for trailing twelve months, which represents an 3.92% 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 0.01%, 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 0.0 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.5.
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 6.01 points at the first support level, and at 5.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.24, and for the 2nd resistance point, it is at 6.35.
Ratios To Look Out For
It is important to note that American Axle & Manufacturing Holdings Inc [NYSE:AXL] has a current ratio of 1.68. In addition, the Quick Ratio stands at 1.30 and the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 928.79.
