No headlines found.
PRNewswire (Tue, 21-Jan 7:30 AM ET)
Shipping: State of Play & What Lies Ahead
Globe Newswire (Mon, 6-Jan 2:23 PM ET)
Globe Newswire (Tue, 26-Nov 4:33 PM ET)
Globe Newswire (Tue, 26-Nov 3:19 PM ET)
PRNewswire (Tue, 12-Nov 7:30 AM ET)
Danaos Corp is an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customers include, HMM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, and Arkas. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from the Australia-Asia region. It has two reporting segments Container vessels and Drybulk vessels segment. It generates the majority of its revenue from Container vessels.
Danaos trades on the NYSE stock market under the symbol DAC.
As of February 5, 2025, DAC stock price declined to $80.10 with 10,784 million shares trading.
DAC has a beta of 0.44, meaning it tends to be less sensitive to market movements. DAC has a correlation of 0.06 to the broad based SPY ETF.
DAC has a market cap of $1.55 billion. This is considered a Small Cap stock.
Last quarter Danaos reported $256 million in Revenue and $6.50 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$.27.
In the last 3 years, DAC traded as high as $107.47 and as low as $51.10.
The top ETF exchange traded funds that DAC belongs to (by Net Assets): PRFZ, EELV, FNDA, EWX, BOAT.
DAC has underperformed the market in the last year with a return of +12.2%, while the SPY ETF gained +23.2%. In the last 3 month period, DAC fell short of the market, returning -1.0%, while SPY returned +6.0%. However, in the most recent 2 weeks DAC has outperformed the stock market by returning +3.8%, while SPY returned -0.2%.
DAC support price is $78.78 and resistance is $81.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAC shares will trade within this expected range on the day.