Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. American Axle & Manufacturing Holdings Inc’s current trading price is -22.77% away from its 52-week high, while its distance from the 52-week low is 17.25%. The stock’s price range during this period has varied between $6.29 and $9.55. The company, active in the Consumer Cyclical sector, saw a trading volume of around 1.33 million for the day, considerably lower average daily volume of 1.91 million observed over the last three months.
American Axle & Manufacturing Holdings Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $9.55 on 07/28/23, while the lowest price during the same period was $6.29 on 11/01/23.
How Financial Performance Impacts Market Capitalization
American Axle & Manufacturing Holdings Inc (AXL) has experienced a quarterly decline of -14.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 863.39M and boasts a workforce of 19000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.55, with a change in price of +0.22. Similarly, American Axle & Manufacturing Holdings Inc recorded 1,987,628 in trading volume during the last 100 days, posting a change of +3.15%.
How AXL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AXL stands at 4.93. Similarly, the long-term debt-to-equity ratio is also 4.85.
AXL Stock Stochastic Average
As of today, the raw stochastic average of American Axle & Manufacturing Holdings Inc over the last 50 days is at 36.81%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 85.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 60.11% and 39.48%, respectively.
AXL Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -16.29%. However, over the past six months, we’ve seen a weaker performance of 2.29%. The price of AXL fallen by 0.07% over the last 30 days. And in the last five days, it has surged by 12.77%.
