After finishing at $7.59 in the prior trading day, American Axle & Manufacturing Holdings Inc (NYSE: AXL) closed at $7.23, down -4.74%. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 1511753 shares were traded.
Ratios:
Our goal is to gain a better understanding of AXL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.22. 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.
On January 17, 2024, UBS Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $8 to $6.50.
BofA Securities Downgraded its Neutral to Underperform on November 28, 2023, whereas the target price for the stock was revised from $9 to $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’23 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.
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 849.81M and an Enterprise Value of 3.22B. 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 1.40. Its current Enterprise Value per Revenue stands at 0.53 whereas that against EBITDA is 4.84.
Stock Price History:
Over the past 52 weeks, AXL has reached a high of $9.55, while it has fallen to a 52-week low of $6.29. The 50-Day Moving Average of the stock is 7.34, while the 200-Day Moving Average is calculated to be 7.66.
Shares Statistics:
The stock has traded on average 1.99M shares per day over the past 3-months and 1.27M shares per day over the last 10 days, according to various share statistics. A total of 117.10M shares are outstanding, with a floating share count of 110.75M. Insiders hold about 5.78% of the company’s shares, while institutions hold 100.34% stake in the company. Shares short for AXL as of Mar 28, 2024 were 2.8M with a Short Ratio of 1.41, compared to 6.72M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.38% and a Short% of Float of 3.43%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.48.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.11, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.13, with high estimates of $0.25 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.61 and $0.15 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.52, with 9 analysts recommending between $1.12 and $0.1.
Revenue Estimates
7 analysts predict $1.53B in revenue for the current quarter. It ranges from a high estimate of $1.54B to a low estimate of $1.5B. As of the current estimate, American Axle & Manufacturing Holdings Inc’s year-ago sales were $1.49B, an estimated increase of 2.50% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for AXL’s current fiscal year. The highest revenue estimate was $6.27B, while the lowest revenue estimate was $6.11B, resulting in an average revenue estimate of $6.2B. In the same quarter a year ago, actual revenue was $6.08B, up 2.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $6.24B in the next fiscal year. The high estimate is $6.35B and the low estimate is $6.13B. The average revenue growth estimate for next year is up 0.60% from the average revenue estimate for this year.
