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Wednesday, September 27, 2023

Investors’ Patience Is Being Tested Right Now By American Axle & Manufacturing Holdings Inc. (NYSE: AXL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for American Axle & Manufacturing Holdings Inc. (AXL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.70. The American Axle & Manufacturing Holdings Inc. has recorded 26,338 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AAM to Present at J.P. Morgan Auto Conference Aug. 9, 2023.

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Stocks Info

American Axle & Manufacturing Holdings Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Auto Parts industry. At the end of the last regular session, the stock closed at $7.70 and fluctuated between $7.71 as its day high and $7.48 as its day low. The current market capitalization of American Axle & Manufacturing Holdings Inc. is $883.81M. A total of 0.93 million shares were traded on the day, compared to an average of 1.27M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AXL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 25 BUYs and 22 SELLs from insiders. Insiders purchased 2,385,102 shares during that period but sold 1,550,960.

In the most recent transaction, Kemp Terri M. sold 40,000 shares of AXL for 8.00 per share on Aug 09. After the transaction, the Senior VP Human Resources now owns 216,961 company shares. In a previous transaction on Mar 01, Barnes David Eugene sold 29,533 shares at 9.00 per share. AXL shares that VP & General Counsel owns now total 104,621.

Among the insiders who sold shares, WILLEMSE NORMAN disposed of 59,265 shares on Feb 22 at a per-share price of $9.00. This resulted in the President Forging holding 297,435 shares of AXL after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AXL in the last 3 months, the mean price target is $9.63 with high estimates of $12.00 and low estimates of $8.00. In terms of 52-week highs and lows, AXL has a high of $11.19 and a low of $6.61.

As of this writing, AXL has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.08. The company reported an EPS of -$0.01 in the last quarter, which was 83.30% higher than expectations of -$0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AXL’s latest balance sheet shows that the firm has $530.20M in Cash & Short Term Investments as of fiscal 2021. There were $3.23B in debt and $1.04B in liabilities at the time. Its Book Value Per Share was $5.51, while its Total Shareholder’s Equity was $457.80M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AXL is Buy with a score of 3.43.

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