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American Axle & Manufacturing Holdings Inc (NYSE: AXL) closed the day trading at $6.28 up 3.29% from the previous closing price of $6.08. In other words, the price has increased by $3.29 from its previous closing price. On the day, 1.0 million shares were traded. AXL stock price reached its highest trading level at $6.315 during the session, while it also had its lowest trading level at $6.205.
Ratios:
For a better understanding of AXL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.68. In the meantime, Its Debt-to-Equity ratio is 4.65 whereas as Long-Term Debt/Eq ratio is at 4.57.
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 3059708928. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 951.52, and their Forward P/E ratio for the next fiscal year is 11.42. 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 1.21. Its current Enterprise Value per Revenue stands at 0.489 whereas that against EBITDA is 4.276.
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 -3.79%, while the 200-Day Moving Average is calculated to be -13.79%.
Shares Statistics:
Over the past 3-months, AXL traded about 1.47M shares per day on average, while over the past 10 days, AXL traded about 1577080 shares per day. A total of 117.10M shares are outstanding, with a floating share count of 110.63M. Insiders hold about 5.91% of the company’s shares, while institutions hold 93.18% stake in the company. Shares short for AXL as of 1724976000 were 3686976 with a Short Ratio of 2.50, compared to 1722384000 on 2799724. Therefore, it implies a Short% of Shares Outstanding of 3686976 and a Short% of Float of 4.52.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.48.
