American Axle & Manufacturing Holdings Inc (AXL)’s Market Momentum: Closing Strong at 6.28, Down -3.53

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As of close of business last night, American Axle & Manufacturing Holdings Inc’s stock clocked out at $6.28, down -3.53% from its previous closing price of $6.51. In other words, the price has decreased by -$3.53 from its previous closing price. On the day, 2.27 million shares were traded. AXL stock price reached its highest trading level at $6.58 during the session, while it also had its lowest trading level at $6.175.

Ratios:

To gain a deeper understanding of AXL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.29 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 4.54 whereas as Long-Term Debt/Eq ratio is at 4.43.

On February 28, 2024, UBS Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $7.

UBS Downgraded its Neutral to Sell on January 17, 2024, whereas the target price for the stock was revised from $8 to $6.50.

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 738408704 and an Enterprise Value of 3016108800. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.53, and their Forward P/E ratio for the next fiscal year is 12.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 0.486 whereas that against EBITDA is 4.071.

Stock Price History:

Over the past 52 weeks, AXL has reached a high of $8.99, while it has fallen to a 52-week low of $5.43. The 50-Day Moving Average of the stock is 3.00%, while the 200-Day Moving Average is calculated to be -8.76%.

Shares Statistics:

It appears that AXL traded 1.59M shares on average per day over the past three months and 2250030 shares per day over the past ten days. A total of 117.10M shares are outstanding, with a floating share count of 111.64M. Insiders hold about 5.06% of the company’s shares, while institutions hold 93.27% stake in the company. Shares short for AXL as of 1730332800 were 4436001 with a Short Ratio of 2.79, compared to 1727654400 on 3622040. Therefore, it implies a Short% of Shares Outstanding of 4436001 and a Short% of Float of 5.4399999999999995.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 5.48.

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