Analyzing Stock On Your Own: American Axle & Manufacturing Holdings Inc (NYSE: AXL)

American Axle & Manufacturing Holdings Inc (NYSE:AXL) does about 2.12M shares in volume on a normal day but saw 1438561 shares change hands in Tuesday’s trading. The company now has a market cap of 922.77M USD. Its current market price is $7.85, marking an increase of 2.35% compared to the previous close of $7.67. The 52 week high reached by this stock is $9.55 whilst the lowest price level in 52 weeks is $6.29.

American Axle & Manufacturing Holdings Inc (AXL) has a 20-day trading average at $7.46 and the current price is -17.80% off the 52-week high compared with 24.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.20 and its 200-day simple moving average is $7.50. If we look at the stock’s price movements over the week, volatility stands at 3.11%, which increases to 3.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.55 to suggest the stock is neutral.

The consensus objective for the share price is $8.06, suggesting that the stock has a potential upside of 2.61% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 28, 2024 when UBS upgraded the stock to “Neutral” and issued a price target of $7. UBS downgraded the stock to “Sell” from Neutral on January 17, 2024 at a price target of $8-$6.50. BofA Securities downgraded its price target at $9-$8.

American Axle & Manufacturing Holdings Inc (AXL) stock is up 3.56% over the week and 12.30% over the past month. Its price is -10.90% year-to-date and 10.41% over the past year.

To reach the target analysts have set, the stock logically needs to grow 2.61 percent from here.

The company has a return on investment of -0.25% and return on equity of -1.40%. The forward price to earnings ratio is 12.92. The beta has a value of 2.12. Price to book ratio is 1.48 and price to sales ratio is 0.15.