As of Wednesday close, Dana Incorporated’s (NYSE:DAN) stock was down -$0.67, moving down -4.13 percent to $15.55. The average number of shares traded per day over the past five days has been 1,316,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.13 fall in that time frame. In the last twenty days, the average volume was 1,475,070, while in the previous 50 days, it was 1,926,770.
Since last month, DAN stock retreated -13.61%. Shares of the company fell to $15.49 on 08/16/23, the lowest level in the past month. A 52-week high of $19.75 was reached on 07/28/23 after having rallying from a 52-week low of $11.17. Since the beginning of this year, DAN’s stock price has risen by 2.78% or $0.42, and marked a new high 14 times. However, the stock has declined by -21.27% since its 52-week high.
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Sponsored
DAN stock investors should be aware that Dana Incorporated (DAN) stock had its last reported insider trading activity 16 days ago on Aug 01. Aghili Aziz, the EVP &Pres Off-Hwy Technologies of the company, disposed of 30,000 shares for $19.19 on Aug 01. It resulted in a $575,674 divestment by the insider. Kellett James D sold 14,437 shares at an average price of $19.08 on Aug 01. The insider now owns 6,279 shares following the transaction. On Dec 01, EVP &Pres Off-Hwy Technologies Aghili Aziz sold 35,205 shares at $17.75 apiece. The transaction was valued at $624,904.
Valuation Metrics
The stock’s beta is 2.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 1.38, and the price-to-cash flow ratio of 19.19 may also be considered.
The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10. On Tuesday February 20 2018, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, Dana Incorporated’s quick ratio stood at 1.00, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.59, and the total debt-to-equity ratio was 1.64. On the profitability front, the trailing twelve-month gross margin is 8.40% percent. In the year ended June 29, EBITDA margin amounted to 6.32%, whereas operating margins totaled 1.70%. Based on annual data, DAN earned $763.0 million in gross profit and brought in $10.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.00%. Return on equity (ROE) for the past 12 months was -13.10%.
In Dana Incorporated’s quarter-end financial report for June 29, it reported total debt of $2.59 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DAN’s revenue rose 5.9% to $2.64 billion during the quarter, while net income inched up to $2.75 billion. While analysts expected Dana Incorporated to report $0.17 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 117.60%. During the quarter, the company generated $227.0 million in EBITDA. The liabilities of Dana Incorporated were 6.37 billion at the end of its most recent quarter ended June 29, and its total debt was $2.98 billion. The value of shareholders’ equity is $144.34 million.
Technical Picture
This quick technical analysis looks at Dana Incorporated’s (DAN) price momentum. With a historical volatility rate of 31.72%, the RSI 9-day stood at 20.46% on 16 August.
With respect to its five-day moving average, the current Dana Incorporated price is down by -12.05% percent or -$2.13. At present, DAN shares trade -15.76% below its 20-day simple moving average and +13.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.75% above its SMA50 and -2.99% below its SMA200.
Stochastic coefficient K was 6.84% and Stochastic coefficient D was 7.08%, while ATR was 0.59. Given the Stochastic reading of 1.41% for the 14-day period, the RSI (14) reading has been calculated as 29.04%. As of today, the MACD Oscillator reading stands at -0.91, while the 14-day reading stands at -1.50.
Analyst Ratings
Barclays launched its rating on Dana Incorporated (NYSE: DAN) to an Equal weight in a note to investors on February 15, 2023. Dana Incorporated (DAN) has been rated Hold by analysts. According to 0 brokerage firms, DAN is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Dana Incorporated stock as buy, with 2 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $17.00 – $22.00. Based on these forecasts, analysts predict Dana Incorporated (DAN) will achieve an average price target of $19.71.
