At the time of writing, Daktronics Inc. [DAKT] stock is trading at $8.79, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The DAKT shares have gain 8.12% over the last week, with a monthly amount glided 14.30%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, February 2024, Daktronics, Inc. Announces 2024 Fiscal Third Quarter Results. In a post published today on Yahoo Finance, Daktronics, Inc. (NASDAQ-DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2024 third quarter which ended January 27, 2024.
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 $3.90 and $12.42. Daktronics Inc. [NASDAQ: DAKT] shares were valued at $8.79 at the most recent close of the market.
Analyzing the DAKT fundamentals
According to Daktronics Inc. [NASDAQ:DAKT], the company’s sales were 812.07M for trailing twelve months, which represents an -7.93% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.24 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 8.67 points at the first support level, and at 8.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.92, and for the 2nd resistance point, it is at 9.06.
Daktronics Inc. [DAKT] reported earnings per share of $0.08 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.09 and a surprise factor of -52.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.27 per share as compared to estimates of $0.13 per share, a difference of $0.14 representing a surprise of 107.70%.
Ratios To Look Out For
It is important to note that Daktronics Inc. [NASDAQ:DAKT] has a current ratio of 2.21. On the other hand, the Quick Ratio is 1.38, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 7.72.
Transactions by insiders
Recent insider trading involved Wiemann Bradley T, Exec Vice President, that happened on Oct 16 when 22722.0 shares were sold. Exec Vice President, Wiemann Bradley T completed a deal on Oct 12 to sell 778.0 shares. Meanwhile, VP of Manufacturing Kurtenbach Matthew John sold 12250.0 shares on Sep 13.
