Dana Inc (NYSE:DAN) shares, rose in value on Thursday, May 08, with the stock price up by 3.55% to the previous day’s close as strong demand from buyers drove the stock to $15.15.
Actively observing the price movement in the last trading, the stock closed the session at $14.63. Referring to stock’s 52-week performance, its high was $16.90, and the low was $7.58. On the whole, DAN has fluctuated by 45.95% over the past month.
With the market capitalization of Dana Inc currently standing at about $2.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 2.64%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DAN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of DAN currently trading nearly 19.13% and 14.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.57, while the 7-day volatility ratio is showing 3.48% which for the 30-day chart, stands at 6.19%. Furthermore, Dana Inc (DAN)’s beta value is 2.06, and its average true range (ATR) is 0.76.
A comparison of Dana Inc (DAN) with its peers suggests the former has fared considerably weaker in the market. DAN showed an intraday change of 3.55% in last session, and over the past year, it grew by 13.31%%.
Data on historical trading for Dana Inc (NYSE:DAN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.76 million. According to company’s latest data on outstanding shares, there are 145.73 million shares outstanding.
Nearly 10.91% of Dana Inc’s shares belong to company insiders and institutional investors own 89.05% of the company’s shares. The stock has risen by 31.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DAN stock heading into the next quarter.
