On Wednesday, Dana Incorporated [NYSE:DAN] has a current price of $15.25, coming out to a daily percentage change of 5.03% with a 52-week range of $4.22 – $19.21.
Other data for the company is as follows:
- Stochastic %K of 83.97
- Weighted Alpha of 7.4
Analysts have the price target for Dana Incorporated [DAN] at 16.38. Daily swings are between $13.96 and $14.59.
The Price is right
Holding a Market Cap of $2.06 billion, Dana Incorporated has seen a trading range over the last year of $4.22-$19.21.
For the last five days, DAN is up from its last closing price. The average shares trading hands each day is 1.34M, with average 10-day volume coming in at 1.38 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for DAN. When we apply the Elder Force Index to Dana Incorporated, we are seeing an Elder Force Indicator number of 513624.35.
The recent performance of the stock is another area that can tell traders how to proceed. DAN is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 8.09. Moreover, the company’s enterprise value has gone from $3.96B to $3.15B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, DAN made a profit of -10.0 million. Dana Incorporated also saw quarter revenue growth year over year of 5.86%. In addition, the company has operating cash flow of $454.0 million.
Looking at popular technical indicators, the company’s 5-day moving average is 14.26 compared to the 50-day moving average of 13.53. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. DAN currently holds a 9-day RSI of 74.59%, while 100-day RSI stands at 52.58%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. DAN’s 9-day MACD is 1.06 and the company’s 100-day MACD stands at 1.62.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.71% by insiders and 99.66% by institutions. Regarding institutional holdings, Blackrock Inc. owns 11.76%, while the second top holder, Vanguard Group, Inc. (The), currently owns 9.30%.
Over the last six months, insiders have sold 9,386 with the most recent transaction from Collins Jonathan Mark, EVP & Chief Financial Officer, with a sell at price 12.76 per share.
Overall, the recommended rating for DAN is Moderate Buy. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is 0.19. Quarterly revenue estimates are averaging 1.72B with the high estimate reaching 1.81B and the low at 1.62B.
To review, the current 1-year target estimate is sitting at 16.38, while the current price 15.25. Based on this, we expect the stock to rise considering the aforementioned fundamentals.