Stock of Daktronics Inc. (DAKT) performance and profitability takes another direction

At the time of writing, Daktronics Inc. [DAKT] stock is trading at $3.85, up down -1.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DAKT shares have gain 2.67% over the last week, with a monthly amount glided 36.04%, and seem to be holding up well over a long-time horizon.

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On 27, July 2022, Daktronics, Inc. Announces Changes to Board of Directors. In a post published today on Yahoo Finance, Enters Into Cooperation Agreement with Prairieland Holdco, LLC.

From an analyst’s perspective:

Daktronics Inc. [NASDAQ: DAKT] stock has seen the most recent analyst activity on January 24, 2018, when Sidoti initiated its Neutral rating and assigned the stock a price target of $10. Previously, Sidoti downgraded its rating to Neutral on June 01, 2016. On September 23, 2015, upgrade upgraded it’s rating to Buy but maintained its price target of $10 on the stock. Griffin Securities reiterated its Buy rating and increased its price target to $16 on November 20, 2013. Dougherty & Company downgraded its rating to a Neutral. Dougherty & Company reiterated a Buy rating for this stock on August 23, 2012, and upped its price target to $12.50. In a note dated August 22, 2012, Griffin Securities reiterated an Buy rating on this stock and boosted its target price from $12 to $14.

For the past year, the stock price of Daktronics Inc. fluctuated between $2.82 and $6.32. Currently, Wall Street analysts expect the stock to reach $5.50 within the next 12 months. Daktronics Inc. [NASDAQ: DAKT] shares were valued at $3.85 at the most recent close of the market. An investor can expect a potential return of 42.86% based on the average price forecast.

Analyzing the DAKT fundamentals

According to Daktronics Inc. [NASDAQ:DAKT], the company’s sales were 162.2 billion in the recent quarter, which represents an 38.80% jump. Gross Margin for this corporation currently stands at +19.02% with Operating Margin at +0.66%, Pretax Margin comes in at +0.18%, and Net Margin reading is +0.10%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.81 points at the first support level, and at 3.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.90, and for the 2nd resistance point, it is at 3.94.

Daktronics Inc. [DAKT] reported earnings per share of -$0.02 for its fiscal quarter that ended on 4/29/2022. By comparison, the stated earnings for the previous quarter ended on 1/30/2022 were -$0.01 per share as compared to estimates of $0.02 per share, a difference of $-0.03 representing a surprise of -150.00%.

Ratios To Look Out For

It is important to note that Daktronics Inc. [NASDAQ:DAKT] has a current ratio of 1.50. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.10. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.78 and the P/E (TTM) ratio is 320.83.

Transactions by insiders

Insider trading has also been a hot topic recently, with 1 insiders purchasing 15,000 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Kurtenbach Reece A, Chairman, President and CEO, that happened on Jun 13 when 15000.0 shares were purchased. Chairman, President and CEO, Kurtenbach Reece A completed a deal on Mar 16 to buy 10000.0 shares. Meanwhile, CFO & Treasurer Anderson Sheila Mae bought 3000.0 shares on Dec 06.