Is Danaos stock a buy or sell?
Apr 16, 2022 · Earnings Growth. Earnings for Danaos are expected to decrease by -6.07% in the coming year, from $30.17 to $28.34 per share. Price to Earnings Ratio vs. the Market. The P/E ratio of Danaos is 1.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.81.
What is the downside of Danaos'stock?
Danaos (DAC) closed the most recent trading day at $90.83, moving +0.65% from the previous trading session. Zacks • 16 days ago.
How much does Danaos make a year?
2 hours ago · shaunl/E+ via Getty Images. In my last article on Danaos Corporation (NYSE:DAC), I explained why the stock is a buy.I said that the company's expectation about its bright future is not only based ...
Is Danaos (DAC) a great momentum stock for short-term trading?
Danaos (DAC) Outpaces Stock Market Gains: What You Should Know. Danaos (DAC) closed the most recent trading day at $90.83, moving +0.65% from the previous trading session. Zacks • …
Is Danaos a good stock?
Danaos Corporation - Hold Valuation metrics show that Danaos Corporation may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of DAC, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
What does Danaos Corporation do?
Danaos is one of the world's largest independent owners of containerships. Danaos Corporation is one of the largest independent owners of modern, large-size containerships. We charter our containerships on long-term contracts at fixed rates to many of the world's largest liner companies.
Who owns Danaos Shipping Company?
Dr. John CoustasDr. John Coustas is our President, Chief Executive Officer and a member of our board of directors. He has over 30 years of experience in the shipping industry and assumed management of our company in 1987 from his father Dimitris Coustas, who founded Danaos Shipping in 1972.
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5 Stocks With Recent Price Strength Amid Severe Volatility
Stonex Group, Danaos, Concentrix, Allegheny Technologies and Build-A-Bear Workshop are included in this blog.
DAC Stock Overview
Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are DAC, SNEX, CNXC, ATI and BBW.
Valuation
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States.
Future Growth
Is Danaos undervalued compared to its fair value and its price relative to the market?
Dividend
How is Danaos forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Management
What is Danaos's current dividend yield, its reliability and sustainability?
Ownership
How experienced are the management team and are they aligned to shareholders interests?
What happened
Who are the major shareholders and have insiders been buying or selling?
So what
Shares of shipping companies took a nosedive on Monday as the market weighed the future demand for their vessels. Investors appeared to be worried about shipping from China, higher rates, and even the oil spill in California.
NYSE: DAC
First, there was speculation Monday morning that the oil spill off the coast of southern California could have been caused by one of the many ships anchoring there. That speculation has not been reported by official sources and seems to have been debunked, based on where the spill is visible and where ships are anchored.
Now what
More important may be the potential for a slowdown in Chinese manufacturing to impact the volume of material that nation exports. China has implemented energy restrictions that have resulted in a drop in its industrial output. If that limits the supply of goods available to be shipped around the world, dry bulk vessel companies will feel it.
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In the case of Monday's move, it seems that the market's sentiment shifted against shipping companies all at once. That could have been triggered by any of the factors highlighted above, or even fears that higher interest rates will slow the global economy.
What happened
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So what
Shares of shipping companies took a nosedive on Monday as the market weighed the future demand for their vessels. Investors appeared to be worried about shipping from China, higher rates, and even the oil spill in California.
Now what
First, there was speculation Monday morning that the oil spill off the coast of southern California could have been caused by one of the many ships anchoring there. That speculation has not been reported by official sources and seems to have been debunked, based on where the spill is visible and where ships are anchored.
