AXL Stock Summary and Trading Ideas (American Axle & Mfg Hldgs | NYSE:AXL)

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Its product portfolio consist of vehicle architectures, driveline systems, drivetrain systems, powertrain components, chassis system components, and metal formed products. The Company generates majority of its revenue from the United States.

American Axle & Mfg Hldgs trades on the NYSE stock market under the symbol AXL.

As of February 3, 2023, AXL stock price climbed to $9.60 with 858,281 million shares trading.

AXL has a beta of 1.64, meaning it tends to be more sensitive to market movements. AXL has a correlation of 0.35 to the broad based SPY ETF.

AXL has a market cap of $1.10 billion. This is considered a Small Cap stock.

Last quarter American Axle & Mfg Hldgs reported $2 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $65 million and exceeded earnings estimates by $.03.

In the last 3 years, AXL stock traded as high as $13.06 and as low as $2.50.

The top ETF exchange traded funds that AXL belongs to (by Net Assets): IJR, VTI, IWM, VB, IJS.

AXL has outperformed the market in the last year with a price return of +15.2% while the SPY ETF lost -6.3%. However, in the short term, AXL had mixed performance relative to the market. It has underperformed in the last 3 months, returning -11.1% vs +11.6% return in SPY. But in the last 2 weeks, AXL shares have fared better than the market returning +18.7% compared to SPY +4.2%.

AXL support price is $9.29 and resistance is $9.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AXL stock will trade within this expected range on the day.