How to Buy Danaos Stock
Danaos Corp
Danaos is a shipping company located in Greece, which is part of the Industrials sector, and is traded under the ticker DAC on the NYSE exchange.
Danaos stock last closed at $73.91, down 0.57% from the previous day, and has increased 26.19% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.05 percentage points. Danaos stock is currently +37.15% from its 52-week low of $53.89, and -8.06% from its 52-week high of $80.39.
There are currently 19.42M DAC shares outstanding. The market capitalization of DAC is $1.44B. In the last 24 hours, 81,792 DAC shares were traded.
How to Buy Danaos Stock
Wondering how to invest in Danaos stock? Here's how.
- Figure out where to buy Danaos stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Danaos stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Analyze Danaos stock: The Danaos ticker symbol is DAC. Is Danaos stock a good investment? Should you buy shares of DAC? How do DAC's underlying business fundamentals look? Do top analysts think Danaos is a good buy? Why has DAC's stock price moved recently? (Hint: Our stock market research website can help you figure out if DAC is a good stock to buy).
- Place your DAC buy order: Decide if you will purchase DAC shares at the current market price or use a limit order to purchase DAC stock at a specific price.
- Get notifications regarding your investment in DAC: Create a watchlist to keep tabs on your new investment in Danaos stock.
Step 1: Figure out where to buy Danaos stock
You will need an online brokerage account in order to access the NYSE market and buy DAC shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal info so you can invest in DAC today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on the best stock app for beginners, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing money into your investment account.
Step 4: Analyze Danaos stock
After you have identified the best place to buy Danaos stock, it's absolutely critical to analyze their stock prior to investing, so you can understand the risk and upside.
Danaos Numbers
Fundamentals of Danaos
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on DAC's stock page.
Is DAC stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge DAC's intrinsic value.
Using relative valuations ratios:
- DAC may be undervalued based on its P/E ratio of 2.55x, relative to Marine Shipping industry P/E ratio of 16.19x
- DAC could be undervalued based on its P/B ratio of 0.48x, relative to Marine Shipping industry P/B ratio of 0.97x
- DAC could be undervalued based on its PEG ratio of 0.19x
You can do more valuation research on DAC's stock here.
A look at DAC Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- DAC's operating cash flow of $576.29M allows it to safely service it's debt of $404.17M.
- Total DAC debt is lower than 5 years ago, relative to shareholder equity.
- DAC has a low debt to equity ratio of 0.21.
- There are more short-term assets than short-term liabilities on the DAC balance sheet.
- DAC earnings of $596.76M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the DAC balance sheet.
- DAC profit margin has gone up from 56.3% to 59.2% in the past year.
Is it a good time to buy Danaos stock, according to Wall Street analysts?
Out of 1 sell side analysts who give recommendations on DAC, the consensus analyst rating on Danaos is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Danaos stock forecast page.
Metrics for Advanced DAC Traders
Is DAC Making Money?
Last year, DAC earnings were $576.30M. During the last four year, DAC's earnings have grown by 36.75% per year. This was faster than the Marine Shipping industry average of 15.35%.
Last year, DAC revenue was $973.58M. During the last five year, DAC's revenue has grown by 16.24% per year. This was faster than the Marine Shipping industry average of 15.56%.
Learn more about DAC's earnings and revenue performance here.
Are DAC insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at DAC have not bought or sold any shares.
Research more about who owns DAC stock here.
Can I rely on DAC as an income stream?
Danaos pays a dividend of 4.19%, compared to the Marine Shipping industry's average dividend yield of 5.37%. If you owned $1,000 worth of DAC stock, you would have been paid $41.94 in the past year.
Danaos dividend payments have consistently grown over the past decade and have remained stable.
Get more info about Danaos dividend yield and history here.
DAC Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your DAC buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Press the Open Trade button and your broker will execute your order.
If you require additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in DAC
Now that you own some shares in DAC, you'll want to keep up with your investment.
Make a watchlist to see the latest developments about your DAC stock.
DAC Feed
How to Buy Stock in Danaos
To reiterate, here are the 6 steps to buy stock in Danaos:
- Figure out where to buy Danaos stock
- Create your brokerage account
- Put funds into your brokerage account
- Analyze Danaos stock
- Place your DAC buy order
- Get notifications regarding your investment in DAC
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your investment in Danaos, hit the button below to create your watchlist.
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