Dana Inc (DAN) stock forecast: Can it reach its 52-week high of $19.36

A share price of Dana Inc [DAN] is currently trading at $12.71, up 7.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DAN shares have gain 7.71% over the last week, with a monthly amount glided 7.35%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

Dana Inc [NYSE: DAN] stock has seen the most recent analyst activity on September 13, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $17. Previously, Barclays started tracking the stock with Equal Weight rating on February 15, 2023, and set its price target to $20. On October 28, 2022, downgrade downgraded it’s rating to Sector Perform and revised its price target to $16 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $15 on August 04, 2022. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $17 on April 12, 2022. In a note dated April 07, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $24 to $18.

Dana Inc experienced fluctuations in its stock price throughout the past year between $11.10 and $19.36. Currently, Wall Street analysts expect the stock to reach $14.75 within the next 12 months. Dana Inc [NYSE: DAN] shares were valued at $12.71 at the most recent close of the market. An investor can expect a potential return of 16.05% based on the average DAN price forecast.

Analyzing the DAN fundamentals

Trailing Twelve Months sales for Dana Inc [NYSE:DAN] were 10.65B which represents 3.44% growth. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.98.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.42 points at the first support level, and at 12.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.19, and for the 2nd resistance point, it is at 13.66.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dana Inc [NYSE:DAN] is 1.60. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 141.38.

Transactions by insiders

Recent insider trading involved Kellett James D, VP & Chief Accounting Officer, that happened on May 16 ’24 when 4357.0 shares were sold.

Related Posts