Dana Inc (NYSE:DAN) price on Friday, December 27, fall -0.85% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.71.
A look at the stock’s price movement, the close in the last trading session was $11.81, moving within a range at $11.54 and $11.89. 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 22.62% over the past month.
Dana Inc’s market cap currently stands at around $1.70 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 3.42%. 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 2.36B 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 -5.22% 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 -2.32% 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% Buy. 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 -2.73% and 14.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.29, while 7-day volatility ratio is 3.30% and 4.79% in the 30-day chart. Further, Dana Inc (DAN) has a beta value of 2.34, and an average true range (ATR) of 0.51. Analysts have given the company’s stock an average 52-week price target of $13.5, forecast between a low of $6 and high of $19. Looking at the price targets, the low is 48.76% off current price level while to achieve the yearly target high, price needs to move -62.25%. Nonetheless, investors will most likely welcome a -15.29% jump to $13.5 which is the analysts’ median price.
If we refocus on Dana Inc (NYSE:DAN), historical trading data shows that trading volumes averaged 1.67 over the past 10 days and 2.40 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 89.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.48 million on 2024-11-29, giving us a short ratio of 1.72. The data shows that as of 2024-11-29 short interest in Dana Inc (DAN) stood at 434.99999999999994 of shares outstanding, with shares short rising to 4.29 million registered in 2024-10-31. Current price change has pushed the stock -19.85% 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.
