Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of American Axle & Manufacturing Holdings Inc (NYSE: AXL) was $7.47 for the day, down -1.19% from the previous closing price of $7.56. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 1.24 million shares were traded. AXL stock price reached its highest trading level at $7.47 during the session, while it also had its lowest trading level at $7.26.
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 1.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.36. 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:
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 ’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 888601280 and an Enterprise Value of 3360916224. 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 1.45. Its current Enterprise Value per Revenue stands at 0.553 whereas that against EBITDA is 5.103.
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 4.66%, while the 200-Day Moving Average is calculated to be -1.76%.
Shares Statistics:
AXL traded an average of 2.03M shares per day over the past three months and 1309110 shares per day over the past ten days. A total of 117.10M shares are outstanding, with a floating share count of 110.78M. Insiders hold about 5.75% of the company’s shares, while institutions hold 100.15% stake in the company. Shares short for AXL as of 1713139200 were 2789585 with a Short Ratio of 1.38, compared to 1710460800 on 9127688. Therefore, it implies a Short% of Shares Outstanding of 2789585 and a Short% of Float of 3.42.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.48.
