American Axle & Manufacturing Holdings Inc [AXL] stock prices are up 2.80% to $6.25 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AXL shares have gain 2.46% over the last week, with a monthly amount glided 0.48%, and 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.
The stock price of American Axle & Manufacturing Holdings Inc [AXL] has been fluctuating between $5.43 and $8.99 over the past year. 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 $6.25 at the most recent close of the market. An investor can expect a potential return of 48.0% based on the average AXL price forecast.
Analyzing the AXL fundamentals
The American Axle & Manufacturing Holdings Inc [NYSE:AXL] reported sales of 6.25B for trailing twelve months, representing a surge of 3.92%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.5.
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 6.11 points at the first support level, and at 5.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.32, and for the 2nd resistance point, it is at 6.39.
Ratios To Look Out For
It’s worth pointing out that American Axle & Manufacturing Holdings Inc [NYSE:AXL]’s Current Ratio is 1.68. On the other hand, the Quick Ratio is 1.30, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 946.97.
