Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Dana Inc before investing.

In this article, we go over a few key elements for understanding Dana Inc’s stock price such as:

• Dana Inc’s current stock price and volume
• Why Dana Inc’s stock price changed recently
• Upgrades and downgrades for DAN from analysts
• DAN’s stock price momentum as measured by its relative strength

About Dana Inc (DAN)

Before we jump into Dana Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Dana Incorporated is engaged in providing power-conveyance and energy-management solutions for vehicles and machinery. The Company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. It offers axles, driveshafts, transmissions, sealing and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions. The Company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Company owns and have licensed trademarks, such as Spicer Electrified, Victor Reinz, Long, Graziano and Dana TM4. The Company operates in North America, Europe, South America and Asia Pacific regions. Its North America includes Canada, Mexico and United States of America. Its Europe regions include Belgium, Netherlands, Germany and Hungary.

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Dana Inc’s Stock Price as of Market Close

As of August 13, 2024, 4:00 PM, CST, Dana Inc’s stock price was $10.57.

Dana Inc is up 4.24% from its previous closing price of $10.14.

During the last market session, Dana Inc’s stock traded between $10.09 and $10.41. Currently, there are 145.00 million shares of Dana Inc stock available for purchase.

Unfortunately, Dana Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Dana Inc Stock Price History

Dana Inc’s (DAN) price is currently down 16.84% so far this month.

During the month of August, Dana Inc’s stock price has reached a high of $12.93 and a low of $10.09.

Over the last year, Dana Inc has hit prices as high as $16.85 and as low as $10.09. Year to date, Dana Inc’s stock is down 30.14%.

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What Caused Dana Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 12, 2024, there were 2 analysts who downgraded Dana Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Dana Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Dana Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Dana Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Dana Inc (DAN) by visiting AAII Stock Evaluator.

Relative Price Strength of Dana Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 12, 2024, Dana Inc has a weighted four-quarter relative price strength of -16.82%, which translates to a Momentum Score of 22 and is considered to be Weak.

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Dana Inc Stock Price: Bottom Line

As of August 13, 2024, Dana Inc’s stock price is $10.57, which is up 4.24% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Dana Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.