11 Most Undervalued Stocks Under $10 to Buy Now

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8. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL)

Forward P/E as of July 11: ~14.3x

Stock Price as on July 11: $4.41

Number of Hedge Fund Holders: 28

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is one of the Most Undervalued Stocks Under $10 to Buy Now. UBS upgraded the company’s stock to “Buy” from “Neutral” with a price objective of $7, up from the prior target of $4.50, as reported by The Fly. The upgrade comes off the back of several factors, including anticipations for the longer lifespan of core American Axle programs like General Motors’ full-size truck/SUV platform, aided by the relaxed U.S. emissions regulatory environment.

Furthermore, the firm noted that GM’s plans to add US manufacturing capacity reflect a positive development for American Axle & Manufacturing Holdings, Inc. (NYSE:AXL), which can improve future earnings potential beyond the current consensus estimates. American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) delivered positive YoY operating cash flow performance, thanks to a combination of cost control and productivity. The net cash provided by operating activities for Q1 2025 came in at $55.9 million compared to $17.8 million for Q1 2024.

aThingz, which is a new generation Supply Chain as a Service (SCaaS) managed solution provider, announced that American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) selected its DAKSA AI Platform to help the digital transformation strategy.

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) is engaged in designing, engineering, and manufacturing driveline and metal forming technologies supporting electric, hybrid, and internal combustion vehicles.

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