American Axle (AXL, Financial) shares recently experienced significant volatility, with a sharp decline of 5.07%. The stock is currently priced at $6.18 per share, with a trading volume of 1.24696 million shares and a turnover rate of 1.06%. The stock's price fluctuation reached 6.07%.
The latest financial reports reveal that American Axle achieved $1.505 billion in revenue, with a net income of $9.6 million. The earnings per share (EPS) stand at $0.08, and the company has a gross profit of $150 million. The price-to-earnings (P/E) ratio is calculated at 26.93.
Regarding analyst recommendations, 22% of the nine institutions covering the stock suggest buying, 67% advise holding, and 11% recommend selling.
Within the automotive parts industry, American Axle's sector declined by 0.53%. Among its peers, Sag Holdings Limited, Carparts.Com, Inc., and SES AI Corp experienced notable gains. Meanwhile, stocks like Worksport, Ltd., Hyzon Motors Inc., and Sag Holdings Limited were notably active, with turnover rates of 5.57%, 3.79%, and 3.03% respectively. Sag Holdings Limited, Hyzon Motors Inc C/Wts 02/10/2025 (To Pur Com), and Mkdwell Tech Inc. showed significant price swings of 29.75%, 25.19%, and 23.94% respectively.
American Axle & Manufacturing Holdings Inc specializes in the production, engineering, and design of drivetrain systems and related components for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company operates through divisions such as Driveline and Metal Forming, with the Driveline division generating the largest portion of revenue.
