While Dana Inc has overperformed by 0.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAN fell by -28.02%, with highs and lows ranging from $15.07 to $7.58, whereas the simple moving average fell by -27.49% in the last 200 days.
On September 20, 2024, Wells Fargo Downgraded Dana Inc (NYSE: DAN) to Underweight. UBS Initiated an Neutral rating on September 13, 2023, and assigned a price target of $17. Barclays initiated its ‘Equal Weight’ rating for DAN, as published in its report on February 15, 2023. RBC Capital Mkts’s report from October 28, 2022 suggests a price prediction of $16 for DAN shares, giving the stock a ‘Sector Perform’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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Analysis of Dana Inc (DAN)
DAN currently pays a dividend of $0.40 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -7.23%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Dana Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -1.04% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.77M can be a very valuable indicator of volatility for DAN stock. On a monthly basis, the volatility of the stock is set at 4.96%, whereas on a weekly basis, it is put at 4.83%, with a gain of 6.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.14, showing growth from the present price of $8.58, which can serve as yet another indication of whether DAN is worth investing in or should be passed over.
How Do You Analyze Dana Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DAN shares are owned by institutional investors to the tune of 99.67% at present.
