While Dana Inc has overperformed by 0.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAN fell by -21.00%, with highs and lows ranging from $15.07 to $7.58, whereas the simple moving average jumped by 2.66% in the last 200 days.
On December 09, 2024, Deutsche Bank Upgraded Dana Inc (NYSE: DAN) to Buy. A report published by Exane BNP Paribas on December 03, 2024, Upgraded its rating to ‘Outperform’ for DAN. Barclays also Upgraded DAN shares as ‘Overweight’, setting a target price of $18 on the company’s shares in a report dated December 02, 2024. Wells Fargo September 20, 2024d the rating to Underweight on September 20, 2024, and set its price target from $13 to $9. Deutsche Bank initiated its ‘Hold’ rating for DAN, as published in its report on September 10, 2024. UBS also rated the stock as ‘Neutral’.
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Analysis of Dana Inc (DAN)
It’s important to note that DAN shareholders are currently getting $0.40 per share in dividends, so investors will receive a return regardless of how the company performs. 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 predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and DAN is registering an average volume of 2.39M. On a monthly basis, the volatility of the stock is set at 5.02%, whereas on a weekly basis, it is put at 3.44%, with a gain of 1.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.86, showing growth from the present price of $11.81, 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?
Besides checking the fundamentals, you should also know 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 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 89.86% 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 89.86% at present.
