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 $81.12, up 0.81% from the previous day, and has increased 6.03% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.24 percentage points. Danaos stock is currently +24.04% from its 52-week low of $65.40, and -17.44% from its 52-week high of $98.25.
At the moment, there are 18.99M DAC shares outstanding. The market capitalization of DAC is $1.54B. In the last 24 hours, 40,216 DAC shares were traded.
How to Buy Danaos Stock
Not sure how to invest in Danaos stock? Here's how.
- Figure out where to buy Danaos stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Danaos stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick 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 analysis website can help you decide 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 shares.
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 preferred brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal details so you are able to buy 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.
- Provide your personal data to create your new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on one of the best stock market apps, you can securely and quickly fund your account:
Watch the video below to see the process of depositing money into your investment account.
Step 4: Analyze Danaos stock
Once you have decided on the best place to buy Danaos stock, it's crucial to analyze their stock prior to investing, so you can wrap your head around the risk and opportunity.
Danaos stock data
Fundamentals of DAC
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on DAC's stock page.
Is DAC stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DAC's intrinsic value.
Using relative valuations measures:
- DAC could be undervalued based on its P/E ratio of 3.1x, relative to Marine Shipping industry P/E ratio of 9.14x
- DAC could be undervalued based on its P/B ratio of 0.45x, relative to Marine Shipping industry P/B ratio of 0.75x
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 has cash burn of 27397000. It has enough cash and short-term investments to cover this for at least one year.
- DAC has a low debt to equity ratio of 0.27.
- Total DAC debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the DAC balance sheet.
- DAC has $453.38M in cash and short term investments. This is sufficient to cover its annual cash burn of $27.40M.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the DAC balance sheet.
- DAC profit margin has gone down from 59.2% to 49.8% 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 $505.07M. During the last five year, DAC's earnings have grown by 25.83% per year. This was slower than the Marine Shipping industry average of 38.38%.
Last year, DAC revenue was $1.01B. During the last five year, DAC's revenue has grown by 17.79% per year. This was slower than the Marine Shipping industry average of 37.51%.
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 4.07%, compared to the Marine Shipping industry's average dividend yield of 22.07%. If you owned $1,000 worth of DAC stock, you would have been paid $40.68 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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