Dana Incorporated (NYSE:DAN) currently has a daily average trading volume of 1.07M but it saw 1940863 shares traded on Thursday. With a market cap of 1.90B USD, stock’s current market price of $13.00 came falling about -3.20 while comparing to the previous closing price of $13.43. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.30 and as low as $11.17. In the recent trading on the day, stock has struck highest price mark of $13.44 while lowest mark touched by it was $12.84.
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Taking a look at 20-day trading activity of Dana Incorporated (DAN) gives us an average price of $13.76, while its current price level is -32.64% below from 52-week high level whereas it is 16.38% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.13 while that of 200 days or SMA-200 reads an average of $15.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.45% during that period while stretching the period over a month that increases to 3.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.70 which implies that the stock is in neutral territory.
Dana Incorporated (DAN)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $15.00 and $19.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $15.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $19.00. Average price target assigned by them is $16.71 which highlights an upside potential of 22.2% for the stock over that period. And to attain the median price target of $16.00 assigned by those analysts, stock has to add about 18.75% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, DAN’s stock price is moving -5.04% down while it is -7.41% when we observe its performance for the past one month. Year-to-date it is -14.08% down and over the past year, the stock is showing a downside performance of -11.20%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.25 beat the consensus estimate of $0.1 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.15 while estimate for next year EPS is $0.71. For DAN, analysts are forecasting an EPS-growth rate of 91.90% for current year and estimate for EPS growth in next year is 97.20%. In next quarter, company is expected to be making quarterly sales of $2.7 billion as analysts are expecting the sales for current fiscal year at $10.73 billion and seeing the company making $11.19 billion in sales next year. Moreover, analysts are in estimates of $2.72 billion for current-quarter revenue.
Currently, Dana Incorporated’s total number of outstanding shares is 143.90M with 0.70% of that held by the insiders while 97.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -5.00% and return on equity (ROE) at -13.90%. It has a 9.27 of forward P/E ratio. Stock’s beta reads 2.39. Stock has a price to book (P/B) ratio of 1.17 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is -3.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 2.38% in the Dana Incorporated (DAN) increasing its stake to 2.83% with control over 94271.0 shares in the company. As per SEC documents, Vanguard Total Stock Market ETF sought 4,060,326 of company’s common stock of worth $60.05 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Dana Incorporated, as iShares Core S&P Mid Cap ETF picked 3,981,292 shares of worth $58.88 million to bring its holdings to a total of 13694.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.38 million or 2.36% of the company’s stake having worth of about 49.95 million.
