For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
American Axle & Manufacturing Holdings Inc (NYSE: AXL) closed the day trading at $6.29 down -1.26% from the previous closing price of $6.37. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 1.26 million shares were traded. AXL stock price reached its highest trading level at $6.38 during the session, while it also had its lowest trading level at $6.23.
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 1.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.64. 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 739584512 and an Enterprise Value of 3017284608. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.57, and their Forward P/E ratio for the next fiscal year is 13.04. 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 4.072.
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 -0.76%, while the 200-Day Moving Average is calculated to be -7.03%.
Shares Statistics:
Over the past 3-months, AXL traded about 1.58M shares per day on average, while over the past 10 days, AXL traded about 1261430 shares per day. A total of 117.60M shares are outstanding, with a floating share count of 111.64M. Insiders hold about 5.06% of the company’s shares, while institutions hold 93.97% stake in the company. Shares short for AXL as of 1732838400 were 4530586 with a Short Ratio of 2.86, compared to 1730332800 on 4436001. Therefore, it implies a Short% of Shares Outstanding of 4530586 and a Short% of Float of 5.56.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 5.48.
