Nothing is Better Than Dana Incorporated (DAN) stock at the moment

Dana Incorporated (NYSE: DAN) stock fell -0.62% on Friday to $15.96 against a previous-day closing price of $16.06. With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.28 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $16.35 whereas the lowest price it dropped to was $15.72. The 52-week range on DAN shows that it touched its highest point at $25.59 and its lowest point at $13.06 during that stretch. It currently has a 1-year price target of $17.33. With its current market cap of 2.18 billion, DAN has annualized dividend of $0.40 while the current yield stands at 2.51%. Beta for the stock currently stands at 2.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAN was down-trending over the past week, with a drop of -3.21%, but this was up by 17.79% over a month. Three-month performance surged to 0.31% while six-month performance fell -27.49%. The stock lost -30.55% in the past year, while it has lost -30.06% so far this year. A look at the trailing 12-month EPS for DAN yields 0.98 with Next year EPS estimates of 2.24. For the next quarter, that number is 0.25. This implies an EPS growth rate of 728.10% for this year and 80.71% for next year. EPS is expected to grow by 14.75% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.90%.

Float and Shares Shorts:

At present, 144.20 million DAN shares are outstanding with a float of 142.16 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.88 million, which was 2.68% higher than short shares on Jun 14, 2022. In addition to Mr. James K. Kamsickas as the firm’s Chairman, Pres & CEO, Mr. Timothy R. Kraus serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 99.12% of DAN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.32% of DAN, in contrast to 5.17% held by mutual funds. Shares owned by individuals account for 48.33%. As the largest shareholder in DAN with 10.09% of the stake, BlackRock Fund Advisors holds 14,458,870 shares worth 14,458,870. A second-largest stockholder of DAN, Icahn Associates Holding LLC, holds 14,286,505 shares, controlling over 9.97% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DAN, holding 13,060,934 shares or 9.11% stake. With a 2.88% stake in DAN, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 4,129,543 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.67% of DAN stock, is the second-largest Mutual Fund holder. It holds 3,825,951 shares valued at 53.83 million. Vanguard Small Cap Index Fund holds 2.27% of the stake in DAN, owning 3,253,643 shares worth 45.78 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, DAN reported revenue of $2.48B and operating income of $63.00M. It generated $17.00M net income for the quarter, which came to $143.00M over the last twelve months. The EBITDA in the recently reported quarter was $165.00M and diluted EPS was $0.12. EBITDA for the full year was $707.00M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAN since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DAN analysts setting a high price target of $20.00 and a low target of $15.00, the average target price over the next 12 months is $17.71. Based on these targets, DAN could surge 25.31% to reach the target high and fall by -6.02% to reach the target low. Reaching the average price target will result in a growth of 10.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DAN will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $1.40 being high and $0.85 being low. For DAN, this leads to a yearly average estimate of $1.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Dana Incorporated surprised analysts by -$0.17 when it reported $0.08 EPS against a consensus estimate of $0.25. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is $0.26. The average estimate for the next quarter is thus $0.40.

Summary of Insider Activity:

Insiders traded DAN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 469,312 while 216,437 shares were sold.

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