Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate American Axle & Manufacturing Hldngs Inc before investing.

In this article, we go over a few key elements for understanding American Axle & Manufacturing Hldngs Inc’s stock price such as:

American Axle & Manufacturing Hldngs Inc’s current stock price and volume
Why American Axle & Manufacturing Hldngs Inc’s stock price changed recently
Upgrades and downgrades for AXL from analysts
AXL’s stock price momentum as measured by its relative strength

About American Axle & Manufacturing Hldngs Inc (AXL)

Before we jump into American Axle & Manufacturing Hldngs Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

American Axle & Manufacturing Holdings, Inc. is an automotive and mobility supplier. The Company designs, engineers and manufactures driveline and metal forming technologies to support electric, hybrid and internal combustion vehicles. The Company operates through two segments: Driveline and Metal Forming. Driveline products consist primarily of front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles (SUVs), crossover utility vehicles (CUVs), passenger cars and commercial vehicles. Its Metal Forming products consist primarily of engine, transmission, driveline and safety-critical components for traditional internal combustion engine and electric vehicle architectures including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets.

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American Axle & Manufacturing Hldngs Inc’s Stock Price as of Market Close

As of September 13, 2024, 4:00 PM, CST, American Axle & Manufacturing Hldngs Inc’s stock price was $5.83.

American Axle & Manufacturing Hldngs Inc is up 5.05% from its previous closing price of $5.55.

During the last market session, American Axle & Manufacturing Hldngs Inc’s stock traded between $5.52 and $5.74. Currently, there are 117.60 million shares of American Axle & Manufacturing Hldngs Inc stock available for purchase.

American Axle & Manufacturing Hldngs Inc’s price-earnings (P/E) ratio is currently at 874.0, which is high compared to the Auto, Truck & Motorcycle Parts industry median of 14.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

American Axle & Manufacturing Hldngs Inc Stock Price History

American Axle & Manufacturing Hldngs Inc’s (AXL) price is currently down 9.33% so far this month.

During the month of September, American Axle & Manufacturing Hldngs Inc’s stock price has reached a high of $6.41 and a low of $5.43.

Over the last year, American Axle & Manufacturing Hldngs Inc has hit prices as high as $9.00 and as low as $5.43. Year to date, American Axle & Manufacturing Hldngs Inc’s stock is down 25.45%.

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What Caused American Axle & Manufacturing Hldngs Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 12, 2024, there were 3 analysts who downgraded American Axle & Manufacturing Hldngs Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate American Axle & Manufacturing Hldngs Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on American Axle & Manufacturing Hldngs Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

American Axle & Manufacturing Hldngs Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about American Axle & Manufacturing Hldngs Inc (AXL) by visiting AAII Stock Evaluator.

Relative Price Strength of American Axle & Manufacturing Hldngs Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 12, 2024, American Axle & Manufacturing Hldngs Inc has a weighted four-quarter relative price strength of -14.03%, which translates to a Momentum Score of 24 and is considered to be Weak.

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American Axle & Manufacturing Hldngs Inc Stock Price: Bottom Line

As of September 13, 2024, American Axle & Manufacturing Hldngs Inc’s stock price is $5.83, which is up 5.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like American Axle & Manufacturing Hldngs Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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