Momentum Is Strong For Dana Inc (NYSE: DAN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Dana Again Named a Greatest Workplace for Diversity by Newsweek Magazine.

Stocks Info

This NYSE-listed company operates within the Auto Parts industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Dana Inc is $1.88B. A total of 1.02 million shares were traded on the day, compared to an average of 1.21M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DAN has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 5,252 and the disposition of 1,997 shares. Over the last 12 months, there were 64 BUYs and 33 SELLs from insiders. Insiders purchased 636,063 shares during that period but sold 322,545.

In the most recent transaction, Aghili Aziz sold 30,000 shares of DAN for 19.19 per share on Aug 01. After the transaction, the EVP &Pres Off-Hwy Technologies now owns 14,975 company shares. In a previous transaction on Aug 01, Kellett James D sold 14,437 shares at 19.08 per share. DAN shares that VP & Chief Accounting Officer owns now total 6,279.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. DAN’s most recent ex-dividend date was 11/9/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 12/1/2023. Previously, the company paid the dividend on 9/1/2023 with an ex-dividend date of 8/10/2023. The DAN stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DAN in the last 3 months, the mean price target is $16.13 with high estimates of $21.00 and low estimates of $14.00. In terms of 52-week highs and lows, DAN has a high of $19.75 and a low of $11.10.

As of this writing, DAN has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.13 per share and a lower estimate of -$0.15. The company reported an EPS of $0.37 in the last quarter, which was 117.60% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DAN’s latest balance sheet shows that the firm has $285.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.67B in debt and $2.17B in liabilities at the time. Its Book Value Per Share was $11.01, while its Total Shareholder’s Equity was $2.17B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAN is Buy with a score of 3.57.