At the end of the latest market close, Danaos Corporation (DAC) was valued at $27.48. In that particular session, Stock kicked-off at the price of $27.04 while reaching the peak value of $30.60 and lowest value recorded on the day was $27.04. The stock current value is $30.28.
Recently in News on November 5, 2020, Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2020. Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2020. You can read further details here
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Danaos Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $30.60 on 01/11/21, with the lowest value was $21.00 for the same time period, recorded on 01/04/21.
Danaos Corporation (DAC) full year performance was 225.24%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Danaos Corporation shares are logging 7.00% during the 52-week period from high price, and 1111.20% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.50 and $28.30.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 1004339 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Danaos Corporation (DAC) recorded performance in the market was 41.30%, having the revenues showcasing 260.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 616.50M, as it employees total of 1148 workers.
Specialists analysis on Danaos Corporation (DAC)
During the last month, 1 analysts gave the Danaos Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 11.47, with a change in the price was noted +24.86. In a similar fashion, Danaos Corporation posted a movement of +458.67% for the period of last 100 days, recording 360,204 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DAC is recording 1.35 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.22.
Trends and Technical analysis: Danaos Corporation (DAC)
Raw Stochastic average of Danaos Corporation in the period of last 50 days is set at 98.59%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 97.81%. In the last 20 days, the company’s Stochastic %K was 95.50% and its Stochastic %D was recorded 96.31%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 41.30%. Additionally, trading for the stock in the period of the last six months notably improved by 772.62%, alongside a boost of 225.24% for the period of the last 12 months. The shares increased approximately by 39.15% in the 7-day charts and went down by 106.41% in the period of the last 30 days. Common stock shares were driven by 260.05% during last recorded quarter.