In last trading session, American Axle & Manufacturing Holdings Inc. (NYSE:AXL) saw 0.9 million shares changing hands with its beta currently measuring 2.37. Company’s recent per share price level of $9.94 trading at -$0.15 or -1.49% at ring of the bell on the day assigns it a market valuation of $1.18B. That closing price of AXL’s stock is at a discount of -31.39% from its 52-week high price of $13.06 and is indicating a premium of 20.52% from its 52-week low price of $7.90. Taking a look at company’s average trading volume of 1.11 million if we extend that period to 3-months.
For American Axle & Manufacturing Holdings Inc. (AXL), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 8 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.01 in the current quarter.
American Axle & Manufacturing Holdings Inc. (NYSE:AXL) trade information
Upright in the red during last session for losing -1.49%, in the last five days AXL remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $9.94 price level, adding 2.83% to its value on the day. American Axle & Manufacturing Holdings Inc.’s shares saw a change of 6.54% in year-to-date performance and have moved 0.00% in past 5-day. American Axle & Manufacturing Holdings Inc. (NYSE:AXL) showed a performance of 5.19% in past 30-days.
Wall Street analysts have assigned a consensus price target of $11.33 to the stock, which implies a rise of 12.27% to its current value. Analysts have been projecting $8.00 as a low price target for the stock while placing it at a high target of $16.00. It follows that stock’s current price would drop -60.97% in reaching the projected high whereas dropping to the targeted low would mean a gain of 19.52% for stock’s current value.
American Axle & Manufacturing Holdings Inc. (AXL) estimates and forecasts
Statistics highlight that American Axle & Manufacturing Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.47% of value to its shares in past 6 months, showing an annual growth rate of 650.00% while that of industry is 14.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -98.00% in the current quarter and calculating -71.90% decrease in the next quarter. This year revenue growth is estimated to rise 10.30% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.27 billion for the same. And 2 analysts are in estimates of company making revenue of $1.37 billion in the next quarter that will end on Mar 2022. Company posted $1.44 billion and $1.43 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -11.40% while estimating it to be -3.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.50% during past 5 years.
American Axle & Manufacturing Holdings Inc. is more likely to be releasing its next quarterly report between February 10 and February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
American Axle & Manufacturing Holdings Inc. (NYSE:AXL)’s Major holders
Insiders are in possession of 1.93% of company’s total shares while institution are holding 91.04 percent of that, with stock having share float percentage of 92.83%. Investors also watch the number of corporate investors in a company very closely, which is 91.04% institutions for American Axle & Manufacturing Holdings Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at AXL for having 17.42 million shares of worth $153.48 million. And as of Sep 29, 2021, it was holding 15.27% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 13.18 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 11.56% of outstanding shares, having a total worth of $116.12 million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 7.69 million shares of worth $69.79 million or 6.74% of the total outstanding shares. The later fund manager was in possession of 3.09 million shares on Sep 29, 2021, making its stake of worth around $27.23 million in the company or a holder of 2.71% of company’s stock.