The stock of American Axle & Manufacturing Holdings Inc (NYSE:AXL) last traded at $6.59, up 0.76% from the previous session.
AXL stock price is now -13.41% away from the 50-day moving average and -14.40% away from the 200-day moving average. The market capitalization of the company currently stands at $771.49M.
With the price target maintained at $7, UBS recently Upgraded its rating from Sell to Neutral for American Axle & Manufacturing Holdings Inc (NYSE: AXL). On January 17, 2024, UBS Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $8 to quote $6.50, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Kemp Terri M., Senior VP Human Resources sold 40,000 shares of the company’s stock on Aug 09 ’23. The stock was sold for $320,000 at an average price of $8.00. Upon completion of the transaction, the Senior VP Human Resources now directly owns 216,961 shares in the company, valued at $1.43 million. A total of 5.78% of the company’s stock is owned by insiders.
During the past 12 months, American Axle & Manufacturing Holdings Inc has had a low of $6.29 and a high of $9.55. As of last week, the company has a debt-to-equity ratio of 4.93, a current ratio of 1.67, and a quick ratio of 1.27. The fifty day moving average price for AXL is $7.58 and a two-hundred day moving average price translates $7.70 for the stock.
The latest earnings results from American Axle & Manufacturing Holdings Inc (NYSE: AXL) was released for Dec, 2023. According to the Auto Parts Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.19 by 0.1. This compares to $0.12 EPS in the same period last year. The net profit margin was -0.55% and return on equity was -5.47% for AXL. The company reported revenue of $1.46 billion for the quarter, compared to $1.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.05 percent. For the current quarter, analysts expect AXL to generate $1.52B in revenue.
American Axle & Manufacturing Holdings Inc(AXL) Company Profile
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides range of products, such as engine, transmission, driveline, and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It operates in North America, Asia, Europe, and South America. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.
