28-Mar-2024
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AAM to Present at the Bank of America Global Automotive Summit on March 27
PRNewswire (Fri, 22-Mar 10:00 AM ET)
AAM Names Aleksandra A. Miziolek to Board of Directors
PRNewswire (Wed, 20-Mar 4:01 PM ET)
AAM Reports Fourth Quarter and Full Year 2023 Financial Results
PRNewswire (Fri, 16-Feb 8:00 AM ET)
AAM to Announce Fourth Quarter and Full Year 2023 Financial Results on February 16
PRNewswire (Mon, 5-Feb 4:30 PM ET)
AAM Showcases Next-Gen Electric Drive Solutions at CES
PRNewswire (Tue, 9-Jan 8:00 AM ET)
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. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.
American Axle & Mfg Hldgs trades on the NYSE stock market under the symbol AXL.
As of March 28, 2024, AXL stock price declined to $7.36 with 987,536 million shares trading.
AXL has a beta of 1.56, meaning it tends to be more sensitive to market movements. AXL has a correlation of 0.20 to the broad based SPY ETF.
AXL has a market cap of $865.09 million. This is considered a Small Cap stock.
Last quarter American Axle & Mfg Hldgs reported $1 billion in Revenue and -$.09 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.10.
In the last 3 years, AXL stock traded as high as $13.06 and as low as $6.29.
The top ETF exchange traded funds that AXL belongs to (by Net Assets): IJR, VTI, IWM, VB, AVUV.
AXL has underperformed the market in the last year with a return of -0.9%, while the SPY ETF gained +33.6%. In the last 3 month period, AXL fell short of the market, returning -17.6%, while SPY returned +10.1%. However, in the most recent 2 weeks AXL has outperformed the stock market by returning +12.9%, while SPY returned +1.7%.
AXL support price is $7.20 and resistance is $7.56 (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.