During the recent session, Dana Inc (NYSE:DAN)’s traded shares were 2.59 million, with the beta value of the company hitting 2.30. At the last check today, the stock’s price was $15.74, reflecting an intraday gain of 18.94% or $2.51. The 52-week high for the DAN share is $14.22, that puts it up 9.66 from that peak though still a striking 51.84% gain since the share price plummeted to a 52-week low of $7.58. The company’s market capitalization is $2.28B, and the average intraday trading volume over the past 10 days was 1.5 million shares, and the average trade volume was 2.14 million shares over the past three months.
Dana Inc (DAN) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.33. DAN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.07.
Dana Inc (NYSE:DAN) trade information
Dana Inc (DAN) registered a 18.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 18.94% in intraday trading to $15.74, hitting a weekly high. The stock’s 5-day price performance is 22.37%, and it has moved by 36.96% in 30 days. Based on these gigs, the overall price performance for the year is 17.70%. The short interest in Dana Inc (NYSE:DAN) is 4.77 million shares and it means that shorts have 2.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.5, which implies a decrease of -16.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $19 respectively. As a result, DAN is trading at a discount of -20.71% off the target high and 61.88% off the low.
Dana Inc (DAN) estimates and forecasts
Statistics show that Dana Inc has underperformed its competitors in share price, compared to the industry in which it operates. Dana Inc (DAN) shares have gone up 33.36% during the last six months, with a year-to-date growth rate less than the industry average at 1.19% against 8.90. In the rating firms’ projections, revenue will decrease -2.43% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.34B as predicted by 6 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 2.38B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.49B and 2.73B respectively. In this case, analysts expect current quarter sales to shrink by -5.98% and then drop by -12.95% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -38.20%. While earnings are projected to return 0.91% in 2025, the next five years will return -1.05% per annum.
DAN Dividends
Dana Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Dana Inc is 0.40, with the dividend yield indicating at 2.54 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.42%.
Dana Inc (NYSE:DAN)’s Major holders
Dana Inc insiders own 0.93% of total outstanding shares while institutional holders control 102.96%, with the float percentage being 103.93%. BLACKROCK INC. is the largest shareholder of the company, while 378.0 institutions own stock in it. As of 2024-06-30, the company held over 23.54 million shares (or 16.2541% of all shares), a total value of $285.26 million in shares.
The next largest institutional holding, with 16.31 million shares, is of VANGUARD GROUP INC’s that is approximately 11.2649% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $197.7 million.
Also, the Mutual Funds coming in first place with the largest holdings of Dana Inc (DAN) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 8.35 shares. This amounts to just over 5.76 percent of the company’s overall shares, with a $129.39 million market value. The same data shows that the other fund manager holds slightly less at 4.14, or about 2.86% of the stock, which is worth about $64.2 million.
