Deutsche Bank lowered the price target for the Dana Incorporated (NYSE:DAN) stock from “a Buy” to “a Hold”. The rating was released on August 04, 2022, according to finviz. We previously noted in another research note published on April 12, 2022 by Wells Fargo that downgraded the stock from an Overweight to an Equal weight with a price target of $17 for DAN stock. The stock was downgraded by Barclays, who disclosed in a research note on April 07, 2022, from Overweight to Equal Weight and set the price objective to $18. In their research brief published September 16, 2021, BofA Securities analysts upgraded the Dana Incorporated stock from Neutral to Buy with a price target of $30.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Dana Incorporated (NYSE:DAN) dipped -0.25% to close Friday’s market session at $15.92, lower as compared to yesterday’s close. The stock price fluctuated between $15.62 and $16.13 throughout the trading session with the volume trading being 925880 shares, which represented a significant variation when compared to the three months average volume of 1.27 million shares. The firm’s stock price fluctuated -5.01% within the last five trades and 10.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -26.97% in the last 6 months and 3.98% was added to its value over the previous 3 months. DAN stock is trading at a margin of 3.28%, 3.31% and -16.00% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DAN deals in the Consumer Cyclical domain. The stock is trading -37.79 percent below its 52-week high and 21.85 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -33.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Dana Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 3.50 percent and the profit margin is 1.60 percent, and the company has reported a gross margin of 8.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.17 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Dana Incorporated (NYSE:DAN) is 16.28. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.11. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.24 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.19, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Foster Byron S., the Pres, Light Veh Drive Systems at Dana Incorporated (DAN) has bought 8,500 shares of firm on Mar 04 at a price of $16.31 against the total amount of $0.14 million. In another inside trade, Aghili Aziz, EVP &Pres Off-Hwy Technologies of Dana Incorporated (NYSE:DAN) sold 26,504 shares of the firm on Nov 05 for a total worth of $0.62 million at a price of $23.56.