Dana Inc (NYSE: DAN)’s stock price has increased by 0.47 compared to its previous closing price of 8.56. However, the company has seen a 7.10% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Dana Incorporated shares plunged after management announced disappointing revenue and earnings results for the third quarter of the company’s 2024 fiscal year. It doesn’t help that the business also reduced guidance for the year, with revenue now expected to be well below what it was previously. Even with these troubles, though, DAN stock is incredibly cheap and investors would be wise to remain bullish on the business.
Is It Worth Investing in Dana Inc (NYSE: DAN) Right Now?
Moreover, the 36-month beta value for DAN is 2.31. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for DAN is 143.63M and currently, short sellers hold a 2.99% of that float. On November 12, 2024, DAN’s average trading volume was 1.77M shares.
DAN’s Market Performance
DAN’s stock has seen a 7.10% increase for the week, with a -23.01% drop in the past month and a -18.10% fall in the past quarter. The volatility ratio for the week is 5.39%, and the volatility levels for the past 30 days are at 5.07% for Dana Inc The simple moving average for the past 20 days is -8.69% for DAN’s stock, with a -27.32% simple moving average for the past 200 days.
Analysts’ Opinion of DAN
Many brokerage firms have already submitted their reports for DAN stocks, with Wells Fargo repeating the rating for DAN by listing it as a “Underweight.” The predicted price for DAN in the upcoming period, according to Wells Fargo is $9 based on the research report published on September 20, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see DAN reach a price target of $12. The rating they have provided for DAN stocks is “Hold” according to the report published on September 10th, 2024.
DAN Trading at -13.94% 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 -42.93% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 5.39%, as shares sank -20.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.15% lower at present.
During the last 5 trading sessions, DAN rose by +8.09%, which changed the moving average for the period of 200-days by -37.19% in comparison to the 20-day moving average, which settled at $9.42. In addition, Dana Inc saw -41.14% 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 Kellett James D, who sale 4,357 shares at the price of $14.01 back on May 16 ’24. After this action, Kellett James D now owns 6,279 shares of Dana Inc, valued at $61,040 using the latest closing price.
Stock Fundamentals for DAN
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.08 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 -1.04, with -0.20 for asset returns.
Based on Dana Inc (DAN), the company’s capital structure generated 0.64 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 1.8. The interest coverage ratio of the stock is 2.18.
Currently, EBITDA for the company is 741.0 million with net debt to EBITDA at 3.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To wrap up, the performance of Dana Inc (DAN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
