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How to buy Danaos Corporation stock | $20.31

Own Danaos Corporation stock in just a few minutes.

Fact checked

Danaos Corporation is a marine shipping business based in the US. Danaos Corporation shares (DAC) are listed on the NYSE and all prices are listed in US Dollars.

How to buy shares in Danaos Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Danaos Corporation. Find the stock by name or ticker symbol: DAC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Danaos Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$20.31, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Danaos Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Danaos Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Danaos Corporation share price

Use our graph to track the performance of DAC stocks over time.

Danaos Corporation shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$20.31
52-week rangeUSD$2.5 - USD$21.7362
50-day moving average USD$15.0197
200-day moving average USD$7.9212
Wall St. target priceUSD$14.5
PE ratio 3.4002
Dividend yield N/A (0%)
Earnings per share (TTM) USD$6.179

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Danaos Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Danaos Corporation price performance over time

Historical closes compared with the close of $20.31 from 2020-12-18

1 week (2021-01-12) -38.42%
1 month (2020-12-22) 1.10%
3 months (2020-10-20) 106.19%
6 months (2020-07-20) 500.89%
1 year (2020-01-18) N/A
2 years (2019-01-18) 2,128.20%
3 years (2018-01-19) 1,300.69%
5 years (2016-01-20) 337.72%

Is Danaos Corporation under- or over-valued?

Valuing Danaos Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Danaos Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Danaos Corporation's P/E ratio

Danaos Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Danaos Corporation shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Danaos Corporation's PEG ratio

Danaos Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.52. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Danaos Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Danaos Corporation's EBITDA

Danaos Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$296.2 million.

The EBITDA is a measure of a Danaos Corporation's overall financial performance and is widely used to measure a its profitability.

Danaos Corporation financials

Revenue TTM USD$452.2 million
Operating margin TTM 43.4%
Gross profit TTM USD$324.4 million
Return on assets TTM 4.6%
Return on equity TTM 16.1%
Profit margin 31.89%
Book value $40.328
Market capitalisation USD$429.7 million

TTM: trailing 12 months

Shorting Danaos Corporation shares

There are currently 707,452 Danaos Corporation shares held short by investors – that's known as Danaos Corporation's "short interest". This figure is 26.7% down from 965,109 last month.

There are a few different ways that this level of interest in shorting Danaos Corporation shares can be evaluated.

Danaos Corporation's "short interest ratio" (SIR)

Danaos Corporation's "short interest ratio" (SIR) is the quantity of Danaos Corporation shares currently shorted divided by the average quantity of Danaos Corporation shares traded daily (recently around 631653.57142857). Danaos Corporation's SIR currently stands at 1.12. In other words for every 100,000 Danaos Corporation shares traded daily on the market, roughly 1120 shares are currently held short.

However Danaos Corporation's short interest can also be evaluated against the total number of Danaos Corporation shares, or, against the total number of tradable Danaos Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Danaos Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Danaos Corporation shares in existence, roughly 30 shares are currently held short) or 0.1807% of the tradable shares (for every 100,000 tradable Danaos Corporation shares, roughly 181 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Danaos Corporation.

Find out more about how you can short Danaos Corporation stock.

Danaos Corporation share dividends

We're not expecting Danaos Corporation to pay a dividend over the next 12 months.

Have Danaos Corporation's shares ever split?

Danaos Corporation's shares were split on a 1:14 basis on 2 May 2019. So if you had owned 14 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Danaos Corporation shares – just the quantity. However, indirectly, the new 1300% higher share price could have impacted the market appetite for Danaos Corporation shares which in turn could have impacted Danaos Corporation's share price.

Danaos Corporation share price volatility

Over the last 12 months, Danaos Corporation's shares have ranged in value from as little as $2.5 up to $21.7362. A popular way to gauge a stock's volatility is its "beta".

DAC.US volatility(beta: 1.57)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Danaos Corporation's is 1.5701. This would suggest that Danaos Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Danaos Corporation overview

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of October 12, 2020, it had a fleet of 63 containerships aggregating 385,769 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece.

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