While Dana Inc has underperformed by -3.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DAN fell by -18.95%, with highs and lows ranging from $19.75 to $11.10, whereas the simple moving average fell by -20.63% in the last 200 days.
On September 13, 2023, UBS started tracking Dana Inc (NYSE: DAN) recommending Neutral. A report published by Barclays on February 15, 2023, Initiated its previous ‘Equal Weight’ rating for DAN. RBC Capital Mkts also Downgraded DAN shares as ‘Sector Perform’, setting a target price of $16 on the company’s shares in a report dated October 28, 2022. Deutsche Bank August 04, 2022d the rating to Hold on August 04, 2022, and set its price target from $18 to $15. Wells Fargo April 12, 2022d its ‘Overweight’ rating to ‘Equal Weight’ for DAN, as published in its report on April 12, 2022. Barclays also rated the stock as ‘Equal Weight’.
Analysis of Dana Inc (DAN)
The current dividend for DAN investors is set at $0.40 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -2.39%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Dana Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 2.43% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.93, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and DAN is recording an average volume of 1.11M. On a monthly basis, the volatility of the stock is set at 3.48%, whereas on a weekly basis, it is put at 3.64%, with a loss of -7.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $11.55, 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?
Dana Inc (DAN) is based in the USA and is one of the most prominent companies operating in the Auto Parts market. When comparing Dana Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 43.88, there is a growth in quarterly earnings of 78.38%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 97.86% 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 97.86% at present.
