Dana Inc (NYSE: DAN) is -0.52% lower on its value in year-to-date trading and has touched a low of $7.58 and a high of $14.22 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 $11.75 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $11.50, the stock is -3.30% and 10.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -2.13% at the moment leaves the stock 0.11% off its SMA200. DAN registered -17.97% loss for a year compared to 6-month gain of 2.04%. The firm has a 50-day simple moving average (SMA 50) of $10.3794 and a 200-day simple moving average (SMA200) of $11.48705.
The stock witnessed a -7.63% loss in the last 1 month and extending the period to 3 months gives it a 8.90%, and is -0.52% down 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 3.55% over the week and 3.68% over the month.
Dana Inc (DAN) has around 41800 employees, a market worth around $1.67B and $10.44B in sales. Fwd P/E is 11.35. Profit margin for the company is -0.15%. Distance from 52-week low is 51.72% and -19.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
The EPS is expected to grow by 2.00% this year
378.0 institutions hold shares in Dana Inc (DAN), with institutional investors hold 104.25% of the company’s shares. The shares outstanding are 144.98M, and float is at 129.34M with Short Float at 3.77%. Institutions hold 103.28% 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.
