Daktronics Inc. (NASDAQ: DAKT) is 2.36% higher on its value in year-to-date trading and has touched a low of $3.90 and a high of $12.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DAKT stock was last observed hovering at around $8.80 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $8.68, the stock is 11.38% and 8.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -1.36% at the moment leaves the stock 6.49% off its SMA200. DAKT registered 113.79% gain for a year compared to 6-month loss of 1.64%. The firm has a 50-day simple moving average (SMA 50) of $0.47 and a 200-day simple moving average (SMA200) of $4.06.
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The stock witnessed a 11.00% gain in the last 1 month and extending the period to 3 months gives it a -22.98%, and is 8.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.95% over the week and 5.15% over the month.
Daktronics Inc. (DAKT) has around 2734 employees, a market worth around $400.84M and $812.07M in sales. Current P/E ratio is 8.53 and Fwd P/E is 11.27. Profit margin for the company is 6.59%. Distance from 52-week low is 122.56% and -30.11% from its 52-week high. The company has generated returns on investments over the last 12 months (18.41%).
Daktronics Inc. quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $199.8M over the same period.The EPS is expected to grow by 460.00% this year, but quarterly earnings will post 13.20% year-over-year. Quarterly sales are estimated to grow 8.00% in year-over-year returns.
185 institutions hold shares in Daktronics Inc. (DAKT), with institutional investors hold 78.49% of the company’s shares. The shares outstanding are 43.58M, and float is at 37.75M with Short Float at 12.09%. Institutions hold 64.14% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 2.43 million shares valued at $15.53 million. The investor’s holdings represent 5.31% of the DAKT Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 2.15 million shares valued at $13.78 million to account for 4.71% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 2.14 million shares representing 4.69% and valued at over $13.72 million, while Alta Fox Capital Management, LLC holds 4.48% of the shares totaling 2.05 million with a market value of $13.09 million.
Daktronics Inc. (DAKT) Insider Activity
A total of 27 insider transactions have happened at Daktronics Inc. (DAKT) in the last six months, with sales accounting for 10 and purchases happening 17 times. The most recent transaction is an insider sale by Wiemann Bradley T, the company’s Exec Vice President. SEC filings show that Wiemann Bradley T sold 22,722 shares of the company’s common stock on Oct 16 at a price of $9.36 per share for a total of $0.21 million. Following the sale, the insider now owns 0.13 million shares.
Daktronics Inc. disclosed in a document filed with the SEC on Oct 12 that Wiemann Bradley T (Exec Vice President) sold a total of 778 shares of the company’s common stock. The trade occurred on Oct 12 and was made at $9.51 per share for $7400.0. Following the transaction, the insider now directly holds 0.13 million shares of the DAKT stock.
Still, SEC filings show that on Sep 13, Kurtenbach Matthew John (VP of Manufacturing) disposed off 12,250 shares at an average price of $9.27 for $0.11 million. The insider now directly holds 208,906 shares of Daktronics Inc. (DAKT).
Daktronics Inc. (DAKT): Who are the competitors?
One of the company’s main competitors (and peers) include FG Group Holdings Inc. (FGH) that is trading -44.64% down over the past 12 months.LSI Industries Inc. (LYTS) lies in the list of competitors of the Daktronics Inc. and is -3.41% lower over the same period from DAKT
