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 $7.56, up 0.93% from the previous day, and has increased 3.99% in one year. It has overperformed other stocks in the Auto Parts industry by 0.12 percentage points. American Axle & Manufacturing Holdings stock is currently +20.19% from its 52-week low of $6.29, and -20.84% from its 52-week high of $9.55.
As of Apr 24, 2024, there are 117.07M shares of AXL outstanding. The market cap of AXL is $885.05M. In the last 24 hours, 1.24M 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 undervalued based on its P/B ratio of 1.46x, relative to Auto Parts industry P/B ratio of 1.8x
You can access more valuation research on AXL's stock here.
AXL Financial Health Summary
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the AXL balance sheet.
Failed Health Checks:
- Total AXL debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the AXL balance sheet.
- AXL profit margin has gone down from 1.1% to -0.6% in the past year.
- AXL earnings of $177.20M is not enough to cover its interest payments.
- AXL's operating cash flow of $396.10M allows it to safely service it's debt of $2.89B.
- AXL has a relatively high debt to equity ratio of 7.86.
Is American Axle & Manufacturing Holdings stock a Buy, Hold, or Sell, according to analysts?
Out of 3 Wall Street analysts who give ratings on AXL, the consensus analyst rating on AXL is a Hold
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the American Axle & Manufacturing Holdings stock forecast page.
AXL Momentum
AXL Performance Numbers
Last year, AXL revenue was $6.08B. Over the past five year, AXL's revenue has gone up by -3.51% per year. This was slower than the Auto Parts industry average of 10.73%.
You can analyze AXL's earnings and revenue performance here.
Are AXL executives and large shareholders buying or selling the stock?
Over the past year, insiders at AXL have bought more shares than they have sold.
David C. Dauch, Chairman CEO of AXL, was the latest AXL insider to buy. They bought $2,875,000.96 worth of AXL shares on Mar 4, 2024.
Get more info about who owns AXL stock here.
Can I rely on AXL as an income stream?
No, American Axle & Manufacturing Holdings doesn't provide an income stream by paying out dividends.
Get analysis from other investors
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Step 5: Place your AXL trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open button and your broker will place the order.
If you want additional info about 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 shares in AXL, you'll want to keep up with your new stock purchase.
Start a watchlist to keep track of your AXL stock.
AXL Feed
How to Buy Stock in American Axle & Manufacturing Holdings
To reiterate, here are the 6 steps you need to take to buy American Axle & Manufacturing Holdings stock right now:
- 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 are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in American Axle & Manufacturing Holdings, click the button below.
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