The closing price of American Axle & Manufacturing Holdings Inc (NYSE: AXL) was $7.09 for the day, down -2.74% from the previous closing price of $7.29. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 2348904 shares were traded. AXL stock price reached its highest trading level at $7.34 during the session, while it also had its lowest trading level at $7.05.
Ratios:
Our analysis of AXL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.27 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 4.93 whereas as Long-Term Debt/Eq ratio is at 4.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on January 17, 2024, Downgraded its rating to Sell and sets its target price to $6.50 from $8 previously.
On November 28, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $9 to $8.
On September 13, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $9.UBS initiated its Neutral rating on September 13, 2023, with a $9 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 09 when Kemp Terri M. sold 40,000 shares for $8.00 per share. The transaction valued at 320,000 led to the insider holds 216,961 shares of the business.
Barnes David Eugene sold 29,533 shares of AXL for $265,797 on Mar 01. The VP & General Counsel now owns 104,621 shares after completing the transaction at $9.00 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXL now has a Market Capitalization of 830.03M and an Enterprise Value of 3.20B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is 4.81.
Stock Price History:
The Beta on a monthly basis for AXL is 2.23, which has changed by -20.25% over the last 52 weeks, in comparison to a change of 27.79% over the same period for the S&P500. Over the past 52 weeks, AXL has reached a high of $9.68, while it has fallen to a 52-week low of $6.29. The 50-Day Moving Average of the stock is 8.15, while the 200-Day Moving Average is calculated to be 7.72.
Shares Statistics:
AXL traded an average of 1.63M shares per day over the past three months and 1.76M shares per day over the past ten days. A total of 117.10M shares are outstanding, with a floating share count of 111.16M. Insiders hold about 5.05% of the company’s shares, while institutions hold 100.81% stake in the company. Shares short for AXL as of Jan 31, 2024 were 5.24M with a Short Ratio of 3.21, compared to 5.41M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.48% and a Short% of Float of 6.48%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.48.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.15 and a low estimate of -$0.09, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.11, with high estimates of $0.18 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.45 and -$0.14 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $0.43, with 8 analysts recommending between $1.12 and -$0.26.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $1.58B to a low estimate of $1.51B. As of the current estimate, American Axle & Manufacturing Holdings Inc’s year-ago sales were $1.49B, an estimated increase of 2.80% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for AXL’s current fiscal year. The highest revenue estimate was $6.34B, while the lowest revenue estimate was $6.06B, resulting in an average revenue estimate of $6.18B. In the same quarter a year ago, actual revenue was $6.08B, up 1.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $6.2B in the next fiscal year. The high estimate is $6.43B and the low estimate is $5.87B. The average revenue growth estimate for next year is up 0.40% from the average revenue estimate for this year.
