Dana Inc (NYSE: DAN)’s stock price has gone rise by 0.16 in comparison to its previous close of 12.48, however, the company has experienced a 5.22% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-20 that The headline numbers for Dana (DAN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Dana Inc (NYSE: DAN) Right Now?
Dana Inc (NYSE: DAN) has a higher price-to-earnings ratio of 47.49x compared to its average ratio. DAN has 36-month beta value of 2.47. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for DAN is 143.04M, and currently, short sellers hold a 4.07% ratio of that float. The average trading volume of DAN on April 25, 2024 was 1.32M shares.
DAN’s Market Performance
DAN stock saw an increase of 5.22% in the past week, with a monthly gain of 0.97% and a quarterly increase of -4.94%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.27% for Dana Inc (DAN). The simple moving average for the past 20 days is 1.07% for DAN’s stock, with a -11.30% simple moving average for the past 200 days.
Analysts’ Opinion of DAN
Many brokerage firms have already submitted their reports for DAN stocks, with UBS repeating the rating for DAN by listing it as a “Neutral.” The predicted price for DAN in the upcoming period, according to UBS is $17 based on the research report published on September 13, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see DAN reach a price target of $20. The rating they have provided for DAN stocks is “Equal Weight” according to the report published on February 15th, 2023.
RBC Capital Mkts gave a rating of “Sector Perform” to DAN, setting the target price at $16 in the report published on October 28th of the previous year.
DAN Trading at 0.60% from the 50-Day Moving Average
After a stumble in the market that brought DAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.71% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.81% lower at present.
During the last 5 trading sessions, DAN rose by +5.22%, which changed the moving average for the period of 200-days by -29.46% in comparison to the 20-day moving average, which settled at $12.38. In addition, Dana Inc saw -14.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAN starting from Aghili Aziz, who sale 30,000 shares at the price of $19.19 back on Aug 01 ’23. After this action, Aghili Aziz now owns 14,975 shares of Dana Inc, valued at $575,674 using the latest closing price.
Kellett James D, the VP & Chief Accounting Officer of Dana Inc, sale 14,437 shares at $19.08 during a trade that took place back on Aug 01 ’23, which means that Kellett James D is holding 6,279 shares at $275,419 based on the most recent closing price.
Stock Fundamentals for DAN
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.09 for the gross margin
The net margin for Dana Inc stands at 0.0. The total capital return value is set at 0.07. Equity return is now at value 2.43, with 0.49 for asset returns.
Based on Dana Inc (DAN), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.89. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is 792.0 million with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 6.39for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.
Conclusion
To put it simply, Dana Inc (DAN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
