How to Buy American Axle & Manufacturing Holdings Stock
American Axle & Manufacturing Holdings Inc
American Axle & Manufacturing Holdings is a auto part company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker AXL on the NYSE exchange.
American Axle & Manufacturing Holdings stock last closed at $6.61, down 1.34% from the previous day, and has decreased 8.19% in one year. It has underperformed other stocks in the Auto Parts industry by 0.05 percentage points. American Axle & Manufacturing Holdings stock is currently +21.73% from its 52-week low of $5.43, and -26.51% from its 52-week high of $9.00.
As of Nov 29, 2024, there are 117.58M shares of AXL outstanding. The market cap of AXL is $777.21M. In the last 24 hours, 918,651 AXL shares were traded.
How to Buy American Axle & Manufacturing Holdings Stock
Not sure how to invest in American Axle & Manufacturing Holdings stock? Here's how.
- Decide where to buy American Axle & Manufacturing Holdings stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy American Axle & Manufacturing Holdings stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Choose your method of payment and add your details.
- Evaluate American Axle & Manufacturing Holdings stock: The American Axle & Manufacturing Holdings ticker symbol is AXL. Is American Axle & Manufacturing Holdings stock a good investment? Should you buy shares of AXL? How do AXL's underlying business fundamentals look? Do top analysts think American Axle & Manufacturing Holdings is a good buy? Why has AXL's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if AXL is a good stock to buy).
- Place your AXL trade: Decide if you will purchase AXL shares at the current market price or use a limit order to buy AXL shares at a given price.
- Get the latest scoop on your AXL investment: Create a watchlist to get the latest news on your position in American Axle & Manufacturing Holdings stock.
Step 1: Decide where to buy American Axle & Manufacturing Holdings stock
You need an online brokerage account in order to access the NYSE market and buy AXL stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal information so you can buy AXL today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open your new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on our top ranked stock app, you need to deposit funds:
Watch the video below to see the process of transferring funds into your new investment account.
Step 4: Evaluate American Axle & Manufacturing Holdings stock
Once you have decided on the best place to buy American Axle & Manufacturing Holdings stock, it's important to evaluate their stock before you invest, so you actually understand the risk as well as the upside.
American Axle & Manufacturing Holdings quick stats
American Axle & Manufacturing Holdings Overview
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on AXL's stock page.
Is AXL stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AXL's intrinsic value.
Using relative valuations metrics:
- AXL could be overvalued based on its P/E ratio of 28.74x, relative to Auto Parts industry P/E ratio of 12.12x
- AXL could be undervalued based on its P/B ratio of 1.26x, relative to Auto Parts industry P/B ratio of 1.65x
- AXL may be undervalued based on its PEG ratio of 0.56x
You can do additional valuation research on AXL's stock here.
AXL Financial Health
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the AXL balance sheet.
- AXL profit margin has gone up from 0% to 0.5% in the past year.
Failed Health Checks:
- AXL's operating cash flow of $357.10M allows it to safely service it's debt of $2.80B.
- Total AXL debt is higher than 5 years ago, relative to shareholder equity.
- AXL earnings of $248.70M is not enough to cover its interest payments.
- AXL has a relatively high debt to equity ratio of 7.65.
- There are more long-term liabilities than short-term assets on the AXL balance sheet.
Do analysts think it's a good time to buy American Axle & Manufacturing Holdings stock
Out of 2 Wall Street analysts who monitor AXL, the consensus analyst rating on AXL is a Sell
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the American Axle & Manufacturing Holdings stock forecast page.
AXL Momentum
How are AXL Revenues/Earnings doing?
Last year, AXL earnings were $29.60M. Over the last three year, AXL's earnings have gone up by -88.68% per year. This was slower than the Auto Parts industry average of 5.87%.
Last year, AXL revenue was $6.21B. In the past five year, AXL's revenue has grown by -1.79% per year. This was slower than the Auto Parts industry average of 5.2%.
You can research AXL's earnings and revenue performance here.
Are AXL insiders buying or selling the stock?
Over the past 12 months, insiders at AXL have bought more shares than they have sold.
Elizabeth Anne Chappell, Director of AXL, was the latest AXL insider to buy. They bought $150,001.44 worth of AXL stock on May 2, 2024.
Dig into more about who owns AXL shares here.
Does AXL provide a stable income stream?
No, American Axle & Manufacturing Holdings doesn't provide an income stream by paying out dividends.
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Step 5: Place your AXL trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, place a limit order.
Hit the Open button and your broker will place your order.
If you need additional help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your AXL investment
Now that you own some AXL shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to keep tabs on your AXL stock.
AXL Feed
How to Buy Stock in American Axle & Manufacturing Holdings
To reiterate, here are the 6 steps to buy stock in American Axle & Manufacturing Holdings:
- Decide where to buy American Axle & Manufacturing Holdings stock
- Open a brokerage account
- Put funds into your brokerage account
- Evaluate American Axle & Manufacturing Holdings stock
- Place your AXL trade
- Get the latest scoop on your AXL investment
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in American Axle & Manufacturing Holdings, get started below.
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