While Dana Inc has overperformed by 2.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAN fell by -11.14%, with highs and lows ranging from $15.07 to $7.58, whereas the simple moving average jumped by 7.33% in the last 200 days.
On December 03, 2024, Exane BNP Paribas Upgraded Dana Inc (NYSE: DAN) to Outperform. A report published by Barclays on December 02, 2024, Upgraded its rating to ‘Overweight’ for DAN. Wells Fargo also Downgraded DAN shares as ‘Underweight’, setting a target price of $9 on the company’s shares in a report dated September 20, 2024. Deutsche Bank Initiated an Hold rating on September 10, 2024, and assigned a price target of $12. Wolfe Research initiated its ‘Peer Perform’ rating for DAN, as published in its report on September 05, 2024. UBS’s report from September 13, 2023 suggests a price prediction of $17 for DAN shares, giving the stock a ‘Neutral’ rating. Barclays also rated the stock as ‘Equal Weight’.
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Analysis of Dana Inc (DAN)
With DAN’s current dividend of $0.40 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -7.23%, showing a negative trend in the upcoming months.
Dana Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and DAN has an average volume of 2.18M. On a monthly basis, the volatility of the stock is set at 5.26%, whereas on a weekly basis, it is put at 7.27%, with a gain of 29.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.00, showing decline from the present price of $12.36, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 10.79%. 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 89.99% 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 89.99% at present.
