The Dana Incorporated (NYSE:DAN) is going up by 7.76% in today’s trading session, a rise equivalent to 1.12% of the stock’s price from yesterday’s market close. A news came out 23 hours ago stating that Honeywell Believes in the Future of Smart Manufacturing by BARRONS. The lowest point that the shares touched during the trading session was $14.23, while the peak of the day was recorded at a share price of $14.78. DAN finished the previous session at $14.36 according to the data provided by Barchart, while the trading volume was observed to be $2,309,126.
In the 100 days of trading, DAN managed to top a 16.39% Moving average. Additionally, Dana Incorporated shares have achieved a 52-week range between 11.57 and 21.17 alongside 100 days raw stochastic set at 43.82%.
The number of shares outstanding, according to the fundamentals of the company, is set at 144.00M, equal to the value of $2.07B in market capitalization. In the last 30 days, Dana Incorporated shares went down by -0.80%, adding 15.70 to growth in value, on top of a +34.62% boost since 08/13/19.
Dana Incorporated (NYSE:DAN) Analyst’s Estimates
Dana Incorporated (DAN) could record at least $0.85 per share in quarterly earnings in the upcoming report on 10/24/2019, a number that would actually represent an increase of 6.22% YOY.
According to the average analyst rating, Dana Incorporated would be rated as Buy. Out of 10 different analysts monitoring DAN stock, 8 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that DAN is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Sep-13-19, the stock earned a Upgrade rating due to a new analyst call from BofA/Merrill, while analysts from Credit Suisse believe that the stock is set at Outperform, as concluded on Jun-27-19. Wolfe Research, is still rather wary about the stock, deciding to keep the rating at Peer Perform as confirmed through a call on Apr-18-19.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-19-18, giving the stock a Overweight from the Neutral rating.
DAN Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +14.60% has been attained, while the operating margin has been recorded at +8.03%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 7.39%. Beta value of the stock is recorded at 2.22. Additionally, Dana Incorporated is recording price volatility of 5.34% for the period of the last seven days and 4.40% in the last 30 days.
Dana Incorporated (NYSE:DAN) Technical Outlook
For the period of the last 50 days, Dana Incorporated had its Raw Stochastic average set at 47.28% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 96.97%. Stochastic %K for Dana Incorporated, with the last 20 days included, was set at 82.28%, having Stochastic %D topping 85.56%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Dana Incorporated stocks with recording 5.36% in metrics.
Dana Incorporated Insider Watch:
As far as the position of shares issued by Dana Incorporated (NYSE:DAN) for the period concluded at the market close of 09/12/19, 136 institutional investors increased their positions in DAN shares by 18,453,160, 139 decreased positions by 14,254,731 and 41 institutional investors decided to hold positions at 109,462,507. These numbers put the complete list of institutional holdings set at 142,170,398 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 32 institutional investments with 2,025,479 new shares in addition to having 46 institutional investors selling their positions in 4,006,030 shares.