In the last trading session, 1,226,493 shares of the American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) were traded, and its beta was 2.64. Most recently the company’s share price was $9.81, and it changed around -$0.05 or -0.01% from the last close, which brings the market valuation of the company to $1.12 Billion. AXL currently trades at a discount to its 52-week high of $12.92, offering almost -31.7% off that amount. The share price’s 52-week low was $3.01, which indicates that the current value has risen by an impressive 69.32% since then. We note from American Axle & Manufacturing Holdings, Inc.’s average daily trading volume that its 10-day average is 1.4 Million shares, with the 3-month average coming to 2.08 Million.
American Axle & Manufacturing Holdings, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.7. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 5 recommended AXL as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. American Axle & Manufacturing Holdings, Inc. is expected to report earnings per share of $0.26 for the current quarter.
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL): Trading Information
Although AXL has showed a red trend with a performance of -0.51% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $10.17 on Tuesday, Apr 06 increased the stock’s daily price by 3.54%. The company’s shares are currently up 0.18% year-to-date, but still up 0.0617 over the last five days. On the other hand, American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is -0.04% down in the 30-day period. We can see from the shorts that 6.12 Million shares have been sold at a short interest cover period of 2.94 day (s).
The consensus price target as assigned by Wall Street analysts is $10.89, which translates to bears needing to increase their stock price by 11.01% from its current value. Analyst projections state that AXL is forecast to be at a low of $6 and a high of $14. In order for the stock price to hit the forecast high, the stock would need to surge +42.71% from its current level, while the stock would need to crash -38.84% from its current level to reach the projected low.
American Axle & Manufacturing Holdings, Inc. (AXL) projections and forecasts
American Axle & Manufacturing Holdings, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +56.21 percent over the past six months and at a 857.14% annual growth rate that is well above the industry average of 25.4%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +30% in revenue this quarter, and will report an increase of 114% in the next quarter. The year-over-year growth rate is expected to be 15.9%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.34 Billion in revenue for the current quarter. 8 analysts expect American Axle & Manufacturing Holdings, Inc. to make $1.35 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.34 Billion and $440.05 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.2%. Forecasts for the next quarter put sales growth at 207.4%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.5%. American Axle & Manufacturing Holdings, Inc. earnings are expected to decrease by -15% in 2021, but the outlook is negative 0% per year for the next five years.
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American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.83% of American Axle & Manufacturing Holdings, Inc. shares, and 94.56% of them are in the hands of institutional investors. The stock currently has a share float of 96.32%. American Axle & Manufacturing Holdings, Inc. stock is held by 296 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 15.36% of the shares, which is about 17.5 Million shares worth $145.95 Million.
Vanguard Group, Inc. (The), with 10.73% or 12.22 Million shares worth $101.95 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and American Beacon Small Cap Value Fd were the top two Mutual Funds as of Feb 27, 2021. The former held 7585704 shares worth $74.11 Million, making up 6.66% of all outstanding shares. On the other hand, American Beacon Small Cap Value Fd held roughly 3.37 Million shares worth around $29.67 Million, which represents about 2.96% of the total shares outstanding.