With 4.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.77 million shares. The 52-week range on AXL shows that it touched its highest point at $7.76 and its lowest point at $3.00 during that stretch. It currently has a 1-year price target of $5.20. Beta for the stock currently stands at 1.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AXL was down-trending over the past week, with a drop of -5.16%, but this was up by 1.93% over a month. Three-month performance dropped to -11.69% while six-month performance fell -38.07%. The stock lost -45.35% in the past year, while it has lost -27.44% so far this year. A look at the trailing 12-month EPS for AXL yields 0.18 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.15. This implies an EPS growth rate of -26.90% for this year and 28.44% for next year.
Float and Shares Shorts:
At present, 118.30 million AXL shares are outstanding with a float of 106.97 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AXL since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.55499 being high and $0.41868 being low. For AXL, this leads to a yearly average estimate of $0.4771. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.0. The average estimate for the next quarter is thus $0.07.
