American Axle & Manufacturing Holdings Inc (AXL) expanding its growth trajectory ahead

With 0.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.12 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.97 whereas the lowest price it dropped to was $7.795. 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 $8.06. AXL paid its most recent dividend on 1228348800, while the ex-dividend date for that was 1228348800. Beta for the stock currently stands at 2.12.

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 1.28%, but this was up by 12.54% over a month. Three-month performance dropped to -3.07% while six-month performance rose 19.16%. The stock gained 10.49% in the past year, while it has lost -10.33% so far this year. A look at the trailing 12-month EPS for AXL yields -0.07 with Next year EPS estimates of 0.61. For the next quarter, that number is 0.10. This implies an EPS growth rate of 510.35% for this year and 64.58% 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 110.60 million shares on hand for trading. On 2024-04-30, short shares totaled 2.68 million, which was 228.00000000000003 higher than short shares on 1711584000. In addition to Mr. David Charles Dauch as the firm’s Chairman & CEO, Mr. Michael Joseph Lynch serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.93294 of AXL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, AXL reported revenue of $1606900000.0 and operating income of $79500000.0. The EBITDA in the recently reported quarter was $205600000.0 and diluted EPS was $0.17.

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.