Let’s start up with the current stock price of Danaos Corporation (DAC), which is $61.62 to be very precise. The Stock rose vividly during the last session to $62.76 after opening rate of $55.41 while the lowest price it went was recorded $54.90 before closing at $54.29.
Recently in News on May 3, 2021, Danaos Corporation Announces Date for the Release of First Quarter 2021 Results, Conference Call and Webcast. Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2021, after the close of the market in New York on Monday, May 10, 2021. You can read further details here
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 $62.76 on 05/03/21, with the lowest value was $21.00 for the same time period, recorded on 01/04/21.
Danaos Corporation (DAC) full year performance was 1294.12%
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 6.90% during the 52-week period from high price, and 1750.45% 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 $3.33 and $57.64.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 1032746 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 187.54%, having the revenues showcasing 119.37% 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 1.25B, as it employees total of 1296 workers.
Specialists analysis on Danaos Corporation (DAC)
During the last month, 0 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 37.78, with a change in the price was noted +47.33. In a similar fashion, Danaos Corporation posted a movement of +331.21% for the period of last 100 days, recording 600,302 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 1.30 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.15.
Trends and Technical analysis: Danaos Corporation (DAC)
Raw Stochastic average of Danaos Corporation in the period of last 50 days is set at 96.06%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 92.92%. In the last 20 days, the company’s Stochastic %K was 77.80% and its Stochastic %D was recorded 73.11%.
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 187.54%. Additionally, trading for the stock in the period of the last six months notably improved by 624.09%, alongside a boost of 1294.12% for the period of the last 12 months. The shares increased approximately by 16.57% in the 7-day charts and went down by 20.89% in the period of the last 30 days. Common stock shares were driven by 119.37% during last recorded quarter.