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Danaos Corporation (DAC)

52.5   -0.5 (-0.94%) 03-24 16:00
Open: 52.6 Pre. Close: 53
High: 52.6138 Low: 51.548
Volume: 60,527 Market Cap: 1,068(M)

Technical analysis

as of: 2023-03-24 4:25:11 PM
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 66.84     One year: 71.21
Support: Support1: 51.18    Support2: 42.59
Resistance: Resistance1: 57.23    Resistance2: 60.97
Pivot: 54.43
Moving Average: MA(5): 52.64     MA(20): 55.61
MA(100): 56.46     MA(250): 65.32
MACD: MACD(12,26): -1.6     Signal(9): -1.3
Stochastic oscillator: %K(14,3): 19.4     %D(3): 18.1
RSI: RSI(14): 35.7
52-week: High: 104.76  Low: 51.09
Average Vol(K): 3-Month: 152 (K)  10-Days: 134 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ DAC ] has closed above bottom band by 24.9%. Bollinger Bands are 33.9% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 52.92 - 53.28 53.28 - 53.57
Low: 50.87 - 51.21 51.21 - 51.5
Close: 51.99 - 52.56 52.56 - 53.03

Company Description

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 February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 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 1963 and is based in Piraeus, Greece.

Headline News

Sat, 25 Mar 2023
JTC Employer Solutions Trustee Ltd Purchases New Shares in ... - MarketBeat

Wed, 22 Mar 2023
Danaos (DAC) Vs. Global Ship Lease, 20% Potential With Pair Trade - Seeking Alpha

Tue, 21 Mar 2023
Danaos Corporation - Consensus Indicates Potential 73.5% Upside - DirectorsTalk Interviews

Thu, 16 Mar 2023
Danaos (NYSE:DAC) Receives New Coverage from Analysts at ... - MarketBeat

Wed, 15 Mar 2023
Balyasny Asset Management LLC Boosts Stake in Danaos Co ... - MarketBeat

Fri, 10 Mar 2023
Quantamental Technologies LLC makes a $305,000 investment in ... - Best Stocks

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Industrials
Industry:  Marine Shipping
Shares Out. 20 (M)
Shares Float 11 (M)
% Held by Insiders 45.7 (%)
% Held by Institutions 22.4 (%)
Shares Short 750 (K)
Shares Short P.Month 622 (K)

Stock Financials

EPS 26.01
EPS Est Next Qtl 0.21
EPS Est This Year 0.88
EPS Est Next Year 0.93
Book Value (p.s.) 125.81
Profit Margin (%) 56.2
Operating Margin (%) 61.2
Return on Assets (ttm) 10.8
Return on Equity (ttm) 24
Qtrly Rev. Growth 17.3
Gross Profit (p.s.) 38.67
Sales Per Share 48.81
EBITDA (p.s.) 33.7
Qtrly Earnings Growth -6.4
Operating Cash Flow 935 (M)
Levered Free Cash Flow 258 (M)

Stock Valuations

PE Ratio 2.01
PEG Ratio 0.7
Price to Book value 0.41
Price to Sales 1.07
Price to Cash Flow 1.14

Stock Dividends

Dividend 0.75
Forward Dividend 0
Dividend Yield 1.4%
Dividend Pay Date 2021-12-01
Ex-Dividend Date 2021-11-17
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