A Bet That Definitely Worked; But Persistence Needed: American Axle & Manufacturing Holdings Inc. (AXL)

American Axle & Manufacturing Holdings Inc.’s stock (NYSE:AXL) has been rated as Equal Weight by Barclays. This latest rating was contained in a recent research note published by the firm on November 05, 2019 and has set a $12 price target for the stock. Some experts on Wall Street have also posted a report on American Axle & Manufacturing Holdings Inc. (AXL) stock.

Credit Suisse rated the stock as a Outperform in a research noted published on June 27, 2019. BofA/Merrill rated the stock as a Buy in a research note published on February 20, 2019.

As it stands, a total of 11 analysts are covering AXL stock, with 7 of them rating it as a Buy while 0 of them rating it as Overweight. 4 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that American Axle & Manufacturing Holdings Inc. (AXL) stock has an average rating of Overweight.

American Axle & Manufacturing Holdings Inc. (AXL) which is currently valued at 1.09 billion, with the company publishing its last earnings report on 11/01/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 1.5 billion, which was lower than the forecast of 1.54 billion made by some analysts. For that same quarter, American Axle & Manufacturing Holdings Inc. (AXL) posted $0.45 earnings per share (EPS) which was above the analyst consensus estimate of $0.41 by $0.04, which represents an increase by 9.80%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, AXL price has dropped by -3.22%. A look at its price performance over the past three months sees the stock go up by 14.20%, while it has lost -19.91% over the past six months and -32.73% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on American Axle & Manufacturing Holdings Inc. (AXL) has seen its stock trading -17.14% below its three-month high price. A look at the other side also sees stock trading +14.34% above its three-month low. A wider look sees AXL trading -17.14% below its 52-week high and 59.08% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. American Axle & Manufacturing Holdings Inc. (AXL) has so far given an ROE of 0.70%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. American Axle & Manufacturing Holdings Inc. (AXL)’s ROA at the moment stands at 0.10%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

American Axle & Manufacturing Holdings Inc. (AXL) has a return on investment (ROI) of 3.00%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at American Axle & Manufacturing Holdings Inc. (AXL)’s trading volatility. Its 7-day volatility is around 4.23%, while it has a monthly volatility of 3.40%. AXL has an ATR (Average True Range) of 0.41 and a beta factor of 2.33. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of AXL lifted by $0.14 during the normal trading session on Wednesday to trade at $9.33. The American Axle & Manufacturing Holdings Inc. (AXL) stock has a trading volume of 1.17 million shares, which is low, compared to its average daily volume of 1.93M shares.