Is Dana Inc (NYSE: DAN) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Dana Incorporated to Participate in BofA Securities 2024 Automotive Summit.

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Stocks Info

Dana Inc is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto Parts industry. At the end of the last regular session, the stock closed at $12.47 and fluctuated between $12.49 as its day high and $12.17 as its day low. The current market capitalization of Dana Inc is $1.80B. A total of 1.44 million shares were traded on the day, compared to an average of 1.15M shares.

In the most recent transaction, Aghili Aziz sold 30,000 shares of DAN for 19.19 per share on Aug 01 ’23. After the transaction, the EVP &Pres Off-Hwy Technologies now owns 14,975 company shares. In a previous transaction on Aug 01 ’23, 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Dana Inc pays an annual dividend of $0.40, resulting in a dividend yield of 3.21%, and it has a price to earnings (P/E) ratio of 47.38. DAN’s most recent ex-dividend date was 2/29/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 3/22/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/9/2023. The DAN stock dividend was $0.10 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $0.17 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.07. The company reported an EPS of $0.3 in the last quarter, which was 130.80% higher than expectations of $0.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $10.91, while its Total Shareholder’s Equity was $2.17B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.

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