DAN Stock Summary and Trading Ideas (Dana Common | NYSE:DAN)

Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company has four operating segments: Light Vehicles, Power Technologies, Commercial Vehicle, and Off-Highway. The Light Vehicles segment generates the majority portion of revenue by providing products to support light vehicle OEMs. Its products are designed for light trucks, SUVs, CUVs, vans, and passenger cars.

Dana Common trades on the NYSE stock market under the symbol DAN.

As of April 25, 2024, DAN stock price declined to $12.24 with 897,780 million shares trading.

DAN has a beta of 1.24, meaning it tends to be more sensitive to market movements. DAN has a correlation of 0.22 to the broad based SPY ETF.

DAN has a market cap of $1.77 billion. This is considered a Small Cap stock.

Last quarter Dana Common reported $2 billion in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-96 million and missed earnings estimates by -$.02.

In the last 3 years, DAN stock traded as high as $28.44 and as low as $11.10.

The top ETF exchange traded funds that DAN belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.

DAN has underperformed the market in the last year with a return of -13.2%, while the SPY ETF gained +23.6%. In the last 3 month period, DAN fell short of the market, returning -6.2%, while SPY returned +4.1%. However, in the most recent 2 weeks DAN has outperformed the stock market by returning -0.7%, while SPY returned -2.1%.

DAN support price is $12.26 and resistance is $12.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAN stock will trade within this expected range on the day.