What technical indicators reveal about AXL stock

While American Axle & Manufacturing Holdings Inc has underperformed by -1.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AXL fell by -7.95%, with highs and lows ranging from $10.12 to $6.29, whereas the simple moving average fell by -0.05% in the last 200 days.

On January 17, 2024, UBS Downgraded American Axle & Manufacturing Holdings Inc (NYSE: AXL) to Sell.

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Analysis of American Axle & Manufacturing Holdings Inc (AXL)

Further, the quarter-over-quarter increase in sales is 1.09%, showing a positive trend in the upcoming months.

American Axle & Manufacturing Holdings Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -0.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.34, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can be an extremely valuable indicator of volatility, and AXL is registering an average volume of 1.68M. On a monthly basis, the volatility of the stock is set at 2.98%, whereas on a weekly basis, it is put at 3.10%, with a gain of 4.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.94, showing growth from the present price of $7.64, which can serve as yet another indication of whether AXL is worth investing in or should be passed over.

How Do You Analyze American Axle & Manufacturing Holdings Inc Shares?

Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 21.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.01% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in AXL shares?

The recent increase in stakes in AXL appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in AXL has decreased by -1.83% in the first quarter. The company now owns 16,826,364 shares of the stock, with a value of $148.24 million, following the sale of -312,944 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in AXL during the first quarter, upping its stake by 1.20%.

At the end of the first quarter, Barrow, Hanley, Mewhinney & Strau increased its AXL holdings by 1.90% and now holds 5.93 million AXL shares valued at $52.21 million with the added 0.11 million shares during the period. AXL shares are owned by institutional investors to the tune of 102.01% at present.

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