Dana Inc (NYSE: DAN) is -6.66% lower on its value in year-to-date trading and has touched a low of $7.58 and a high of $16.90 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 $10.63 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $10.79, the stock is -17.31% and -24.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 1.51% at the moment leaves the stock -9.17% off its SMA200. DAN registered -12.49% loss for a year compared to 6-month gain of 3.45%. The firm has a 50-day simple moving average (SMA 50) of $14.3792 and a 200-day simple moving average (SMA200) of $11.8795.
The stock witnessed a -20.72% loss in the last 1 month and extending the period to 3 months gives it a -5.76%, and is -4.17% 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 12.56% over the week and 6.82% over the month.
Dana Inc (DAN) has around 39600 employees, a market worth around $1.57B and $10.28B in sales. Fwd P/E is 5.31. Profit margin for the company is -0.55%. Distance from 52-week low is 42.35% and -36.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.43%).
with sales reaching $2.28B over the same period.The EPS is expected to grow by 51.35% this year, but quarterly earnings will post -6.70% year-over-year. Quarterly sales are estimated to shrink -16.46% in year-over-year returns.
Dana Inc (DAN) Top Institutional Holders
348.0 institutions hold shares in Dana Inc (DAN), with institutional investors hold 104.90% of the company’s shares. The shares outstanding are 144.99M, and float is at 129.83M with Short Float at 4.41%. Institutions hold 104.41% 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 16.2317% 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 9.8528% 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.
