In today’s recent session, 0.99 million shares of the American Axle & Manufacturing Holdings Inc (NYSE:AXL) have been traded, and its beta is 1.58. Most recently the company’s share price was $4.29, and it changed around $0.06 or 1.31% from the last close, which brings the market valuation of the company to $508.53M. AXL at last check was trading at a discount to its 52-week high of $7.65, offering almost -78.32% off that amount. The share price’s 52-week low was $3.00, which indicates that the recent value has risen by an impressive 30.07% since then. We note from American Axle & Manufacturing Holdings Inc’s average daily trading volume that its 10-day average is 2.76 million shares, with the 3-month average coming to 2.81 million.
American Axle & Manufacturing Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.88. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended AXL as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight.
American Axle & Manufacturing Holdings Inc (NYSE:AXL) trade information
Instantly AXL has been showing a green trend so far today with a performance of 1.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.47 on recent trading dayincreased the stock’s daily price by 4.03%. The company’s shares are currently down -26.49% year-to-date, but still down -5.40% over the last five days. On the other hand, American Axle & Manufacturing Holdings Inc (NYSE:AXL) is -5.40% down in the 30-day period. We can see from the shorts that 16.49 million shares have been sold at a short interest cover period of 5.49 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 52.33% from its current value. Analyst projections state that AXL is forecast to be at a low of $7 and a high of $12.
American Axle & Manufacturing Holdings Inc earnings are expected to increase by -28.13% in 2025, but the outlook is positive 18.93% per year for the next five years.
AXL Dividends
American Axle & Manufacturing Holdings Inc’s next quarterly earnings report is expected to be released on 2025-May-02. The average dividend yield for the past five years averaged 5.48 per year.
American Axle & Manufacturing Holdings Inc (NYSE:AXL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.76% of American Axle & Manufacturing Holdings Inc shares, and 114.82% of them are in the hands of institutional investors. The stock currently has a share float of 120.56%. American Axle & Manufacturing Holdings Inc stock is held by 342.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 15.7911% of the shares, which is about 18.57 million shares worth $129.81 million.
VANGUARD GROUP INC, with 12.4558% or 14.65 million shares worth $102.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
