Dana Inc (NYSE: DAN) is 14.45% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DAN stock was last observed hovering at around $13.32 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $13.23, the stock is 10.21% and 19.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.68% at the moment leaves the stock 15.17% off its SMA200. DAN registered -0.75% loss for a year compared to 6-month loss of 10.71%. The firm has a 50-day simple moving average (SMA 50) of $10.9888 and a 200-day simple moving average (SMA200) of $11.4843.
The stock witnessed a 14.94% gain in the last 1 month and extending the period to 3 months gives it a 25.76%, and is 9.61% 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 3.54% over the week and 3.19% over the month.
Dana Inc (DAN) has around 41800 employees, a market worth around $1.92B and $10.44B in sales. Fwd P/E is 12.69. Profit margin for the company is -0.15%. Distance from 52-week low is 74.54% and -6.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
with sales reaching $2.34B over the same period.The EPS is expected to grow by 0.91% this year, but quarterly earnings will post -2.45% year-over-year. Quarterly sales are estimated to shrink -6.06% in year-over-year returns.
378.0 institutions hold shares in Dana Inc (DAN), with institutional investors hold 103.92% of the company’s shares. The shares outstanding are 144.98M, and float is at 129.34M with Short Float at 3.68%. Institutions hold 102.95% 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.
