American Axle & Manufacturing Holdings Inc (NYSE:AXL) shares, rose in value, with the stock price up by 0.67% to the previous day’s close as strong demand from buyers drove the stock to $7.52.
Actively observing the price movement in the last trading, the stock closed the session at $7.47. Referring to stock’s 52-week performance, its high was $9.55, and the low was $6.29. On the whole, AXL has fluctuated by 1.90% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.21B, with a low estimate of 1.5B and a high estimate of 1.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.53B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AXL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AXL currently trading nearly 3.94% and 5.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.19, while the 7-day volatility ratio is showing 2.59% which for the 30-day chart, stands at 2.87%. Furthermore, American Axle & Manufacturing Holdings Inc (AXL)’s beta value is 2.19, and its average true range (ATR) is 0.24.
A comparison of American Axle & Manufacturing Holdings Inc (AXL) with its peers suggests the former has fared considerably weaker in the market. AXL showed an intraday change of 0.67% in last session, and over the past year, it grew by 7.28%%.
Data on historical trading for American Axle & Manufacturing Holdings Inc (NYSE:AXL) indicates that the trading volumes over the past 3 months, they’ve averaged 2.03 million. According to company’s latest data on outstanding shares, there are 117.10 million shares outstanding.
Nearly 5.75% of American Axle & Manufacturing Holdings Inc’s shares belong to company insiders and institutional investors own 100.05% of the company’s shares. The stock has fallen by -14.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AXL stock heading into the next quarter.
