Daktronics Inc (NASDAQ: DAKT) is 126.53% higher on its value in year-to-date trading and has touched a low of $7.20 and a high of $19.81 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 $18.92 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $19.21, the stock is 24.54% and 36.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.51% at the moment leaves the stock 56.23% off its SMA200. DAKT registered 118.30% gain for a year compared to 6-month gain of 68.66%. The firm has a 50-day simple moving average (SMA 50) of $13.9792 and a 200-day simple moving average (SMA200) of $12.2393.
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The stock witnessed a 41.77% loss in the last 1 month and extending the period to 3 months gives it a 62.66%, and is 24.74% 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 6.43% over the week and 4.66% over the month.
Daktronics Inc (DAKT) has around 2831 employees, a market worth around $896.12M and $820.60M in sales. Current P/E ratio is 50.79 and Fwd P/E is 16.42. Profit margin for the company is 3.62%. Distance from 52-week low is 166.81% and -3.03% from its 52-week high. The company has generated returns on investments over the last 12 months (9.00%).
The EPS is expected to shrink by -41.22% this year
225.0 institutions hold shares in Daktronics Inc (DAKT), with institutional investors hold 83.73% of the company’s shares. The shares outstanding are 46.90M, and float is at 41.40M with Short Float at 4.55%. Institutions hold 72.65% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.89 million shares valued at $40.27 million. The investor’s holdings represent 6.24 of the DAKT Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 2.6 million shares valued at $36.25 million to account for 5.6187 of the shares outstanding. The other top investors are DUQUESNE FAMILY OFFICE LLC which holds 2.49 million shares representing 5.3908 and valued at over $34.79 million, while VANGUARD GROUP INC holds 5.016 of the shares totaling 2.32 million with a market value of $32.37 million.
Daktronics Inc (DAKT) Insider Activity
The most recent transaction is an insider sale by Kurtenbach Matthew John, the company’s VP of Manufacturing. SEC filings show that Kurtenbach Matthew John sold 15,400 shares of the company’s common stock on Oct 03 ’24 at a price of $13.28 per share for a total of $0.2 million. Following the sale, the insider now owns 2500.0 shares.
Daktronics Inc disclosed in a document filed with the SEC on Sep 27 ’24 that Wiemann Bradley T (Exec Vice President) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 27 ’24 and was made at $12.89 per share for $0.32 million. Following the transaction, the insider now directly holds 85446.0 shares of the DAKT stock.
Still, SEC filings show that on Sep 27 ’24, Wiemann Bradley T (Officer) Proposed Sale 25,000 shares at an average price of $12.50 for $0.31 million. The insider now directly holds shares of Daktronics Inc (DAKT).
