Perhaps timely catching American Axle & Manufacturing Holdings Inc (AXL) would be a good idea

With 1.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.95 million shares. The 52-week range on AXL shows that it touched its highest point at $9.55 and its lowest point at $6.29 during that stretch. It currently has a 1-year price target of $7.89. Beta for the stock currently stands at 2.22.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AXL was up-trending over the past week, with a rise of 0.41%, but this was up by 11.18% over a month. Three-month performance dropped to -17.58% while six-month performance rose 0.55%. The stock lost -0.81% in the past year, while it has lost -16.46% so far this year. A look at the trailing 12-month EPS for AXL yields -0.29 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.01. This implies an EPS growth rate of 383.02% for this year and 71.11% for next year. EPS is expected to grow by 30.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.97%.

Float and Shares Shorts:

At present, 117.10 million AXL shares are outstanding with a float of 110.75 million shares on hand for trading. On Mar 15, 2024, short shares totaled 9.13 million, which was 7.77% higher than short shares on Feb 15, 2024. In addition to AAL as the firm’s American Airlines Group, Inc., AXP serves as its American Express Company.

Institutional Ownership:

Through their ownership of 103.59% of AXL’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AXL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.