Dana Inc [NYSE: DAN] price surged by 6.68 percent to reach at $0.83.
The one-year DAN stock forecast points to a potential upside of 10.89. The average equity rating for DAN stock is currently 2.60, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Dana Inc [DAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DAN shares is $14.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DAN stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Dana Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 13, 2023. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on February 15, 2023, representing the official price target for Dana Inc stock. Previously, the target price had yet another raise from $15 to $16, while RBC Capital Mkts kept a Sector Perform rating on DAN stock. On August 04, 2022, analysts decreased their price target for DAN shares from 18 to 15.
The Average True Range (ATR) for Dana Inc is set at 0.39, with the Price to Sales ratio for DAN stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 2.43. Price to Free Cash Flow for DAN in the course of the last twelve months was 20.59 with Quick ratio for the last quarter at 0.97.
DAN Stock Performance Analysis:
Dana Inc [DAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.08. With this latest performance, DAN shares gained by 7.02% in over the last four-week period, additionally plugging by 13.43% over the last 6 months – not to mention a drop of -6.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DAN stock in for the last two-week period is set at 64.35, with the RSI for the last a single of trading hit 70.71, and the three-weeks RSI is set at 59.65 for Dana Inc [DAN]. The present Moving Average for the last 50 days of trading for this stock 12.33, while it was recorded at 12.61 for the last single week of trading, and 13.93 for the last 200 days.
Insight into Dana Inc Fundamentals:
Dana Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.60.
DAN Stock EPS
With the latest financial reports released by the company, Dana Inc posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dana Inc go to 35.30%.
Dana Inc [DAN] Institutonal Ownership Details
The top three institutional holders of DAN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DAN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DAN stock with ownership which is approximately 5.8386%.
