Dana Inc (NYSE: DAN) is -30.73% lower on its value in year-to-date trading and has touched a low of $7.58 and a high of $15.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DAN stock was last observed hovering at around $9.55 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $10.12, the stock is 20.04% and 4.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.15 million and changing 5.97% at the moment leaves the stock -12.40% off its SMA200. DAN registered -22.21% loss for a year compared to 6-month loss of -27.19%. The firm has a 50-day simple moving average (SMA 50) of $9.6854 and a 200-day simple moving average (SMA200) of $11.5526.
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The stock witnessed a -0.20% gain in the last 1 month and extending the period to 3 months gives it a -9.40%, and is 27.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.25% over the week and 5.27% over the month.
Dana Inc (DAN) has around 41800 employees, a market worth around $1.55B and $10.44B in sales. Fwd P/E is 8.88. Profit margin for the company is -0.15%. Distance from 52-week low is 33.51% and -32.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
Dana Inc quarterly earnings per share for the current quarter are estimated at 0.05 with sales reaching $2.39B over the same period.The EPS is expected to grow by 1.95% this year, but quarterly earnings will post -2.07% year-over-year. Quarterly sales are estimated to shrink -4.26% in year-over-year returns.
378.0 institutions hold shares in Dana Inc (DAN), with institutional investors hold 103.99% of the company’s shares. The shares outstanding are 144.39M, and float is at 143.63M with Short Float at 2.23%. Institutions hold 103.03% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 23.54 million shares valued at $285.26 million. The investor’s holdings represent 16.2541 of the DAN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.31 million shares valued at $197.7 million to account for 11.2649 of the shares outstanding. The other top investors are ICAHN CARL C which holds 14.29 million shares representing 9.8664 and valued at over $173.15 million, while DIMENSIONAL FUND ADVISORS LP holds 6.1008 of the shares totaling 8.83 million with a market value of $107.07 million.
Dana Inc (DAN) Insider Activity
The most recent transaction is an insider sale by Kellett James D, the company’s VP & Chief Accounting Officer. SEC filings show that Kellett James D sold 4,357 shares of the company’s common stock on May 16 ’24 at a price of $14.01 per share for a total of $61040.0. Following the sale, the insider now owns 6279.0 shares.
