Dana Inc (NYSE:DAN) price on current trading day, rose 3.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.81.
A look at the stock’s price movement, the level at last check in today’s session was $12.36, moving within a range at $12.465 and $13.09. The beta value (5-Year monthly) was 2.304. Turning to its 52-week performance, $15.07 and $7.58 were the 52-week high and 52-week low respectively. Overall, DAN moved 59.50% over the past month.
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Dana Inc’s market cap currently stands at around $1.86 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.40, with its dividend yield at 3.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.37B for the company’s revenue for the quarter, with a low and high estimate of 2.34B and 2.39B respectively. The average forecast suggests down to a -5.16% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.31B, representing a -2.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DAN is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend DAN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DAN’s current price about 36.78% and 30.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.76, while 7-day volatility ratio is 7.27% and 5.26% in the 30-day chart. Further, Dana Inc (DAN) has a beta value of 2.35, and an average true range (ATR) of 0.61. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $6 and high of $18. Looking at the price targets, the low is 53.16% off recent price level in today’s trading while to achieve the yearly target high, it has to move -40.52%. Nonetheless, investors will most likely welcome a 29.74% jump to $9 which is the analysts’ median price.
If we refocus on Dana Inc (NYSE:DAN), historical trading data shows that trading volumes averaged 3.16 over the past 10 days and 2.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 144.98 million shares.
The 10.79% of Dana Inc’s shares are in the hands of company insiders while institutional holders own 89.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.2 million on 2024-11-15, giving us a short ratio of 1.27. The data shows that as of 2024-11-15 short interest in Dana Inc (DAN) stood at 311.0 of shares outstanding, with shares short falling to 4.75 million registered in 2024-10-15. Current price change has pushed the stock -12.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DAN stock continues to rise going into the next quarter.
