While American Axle & Manufacturing Holdings Inc has overperformed by 3.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AXL fell by -10.52%, with highs and lows ranging from $8.99 to $5.43, whereas the simple moving average fell by -6.67% in the last 200 days.
On September 10, 2024, Deutsche Bank started tracking American Axle & Manufacturing Holdings Inc (NYSE: AXL) recommending Hold. A report published by UBS on February 28, 2024, Upgraded its rating to ‘Neutral’ for AXL. UBS also Downgraded AXL shares as ‘Sell’, setting a target price of $6.50 on the company’s shares in a report dated January 17, 2024. BofA Securities November 28, 2023d the rating to Underperform on November 28, 2023, and set its price target from $9 to $8. UBS initiated its ‘Neutral’ rating for AXL, as published in its report on September 13, 2023. Barclays’s report from February 15, 2023 suggests a price prediction of $10 for AXL shares, giving the stock a ‘Equal Weight’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of American Axle & Manufacturing Holdings Inc (AXL)
Further, the quarter-over-quarter decrease in sales is -3.03%, showing a negative trend in the upcoming months.
One of the most important indicators of American Axle & Manufacturing Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 4.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AXL is recording 1.62M average volume. On a monthly basis, the volatility of the stock is set at 3.86%, whereas on a weekly basis, it is put at 3.34%, with a gain of 1.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.69, showing growth from the present price of $6.38, which can serve as yet another indication of whether AXL is worth investing in or should be passed over.
How Do You Analyze American Axle & Manufacturing Holdings Inc Shares?
The Auto Parts market is dominated by American Axle & Manufacturing Holdings Inc (AXL) based in the USA. When comparing American Axle & Manufacturing Holdings Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 26.95, there is a growth in quarterly earnings of 154.85%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.06%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 93.94% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AXL shares are owned by institutional investors to the tune of 93.94% at present.
