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 $89.19, up 2.81% from the previous day, and has decreased 3.43% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.14 percentage points. Danaos stock is currently +36.38% from its 52-week low of $65.40, and -5.75% from its 52-week high of $94.63.
At the moment, there are 18.57M DAC shares outstanding. The market capitalization of DAC is $1.66B. In the last 24 hours, 88,000 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
Based on our experience, eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro today. This offer is only for US users.
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 3.63x, relative to Marine Shipping industry P/E ratio of 9.55x
- DAC could be undervalued based on its P/B ratio of 0.47x, relative to Marine Shipping industry P/B ratio of 0.83x
- DAC may be overvalued based on its PEG ratio of 5.02x
You can do more valuation research on DAC's stock here.
DAC Financial Summary
Passed Financial Due Diligence Checks:
- Total DAC debt is lower than 5 years ago, relative to shareholder equity.
- DAC has a low debt to equity ratio of 0.27.
- DAC has cash burn of 7427000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the DAC balance sheet.
- DAC has $480.54M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.43M.
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% to 46.3% in the past year.
Do Wall Street analysts think it's a good time to buy Danaos stock
Out of 1 Equities analysts who give ratings on DAC, the consensus analyst rating on Danaos is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Danaos stock forecast page.
DAC Technicals
DAC Performance Numbers
Last year, DAC earnings were $469.72M. Over the last 5 year, DAC's earnings have increased by 27.65% per year. This was faster than the Marine Shipping industry average of 15.32%.
Last year, DAC revenue was $1.01B. During the last 5 year, DAC's revenue has grown by 18.14% per year. This was slower than the Marine Shipping industry average of 25%.
Dig into DAC's earnings and revenue performance here.
Are DAC executives and large shareholders buying or selling the stock?
In the past year, executives and large shareholders at DAC have not bought or sold any shares.
Dig into more about who owns DAC shares here.
Does DAC stock generate passive income?
Danaos pays a dividend of 2.8%, compared to the Marine Shipping industry's average dividend yield of 15.76%. If you owned $1,000 worth of DAC stock, you would have been paid $28.03 last year.
Danaos dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Danaos dividend yield and history here.
DAC Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your DAC buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want additional info about buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in DAC
Now that you own some DAC stock, you'll want to keep up with your new stock purchase.
Start a watchlist to see the latest developments about your DAC stock.
DAC Feed
How to Buy Stock in Danaos
To summarize, here are the 6 steps to buy Danaos stock:
- 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 require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Danaos, click the button below.
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