Daktronics Inc (NASDAQ: DAKT) is -1.30% lower on its value in year-to-date trading and has touched a low of $7.20 and a high of $19.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DAKT stock was last observed hovering at around $16.50 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $16.64, the stock is -0.53% and 1.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.85% at the moment leaves the stock 23.99% off its SMA200. DAKT registered 114.16% gain for a year compared to 6-month gain of 16.36%. The firm has a 50-day simple moving average (SMA 50) of $16.3296 and a 200-day simple moving average (SMA200) of $13.42025.
The stock witnessed a -3.37% loss in the last 1 month and extending the period to 3 months gives it a 22.17%, and is 3.42% 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 2.96% over the week and 3.35% over the month.
Daktronics Inc (DAKT) has around 2831 employees, a market worth around $781.85M and $820.60M in sales. Current P/E ratio is 43.67 and Fwd P/E is 15.41. Profit margin for the company is 3.62%. Distance from 52-week low is 131.11% and -16.34% from its 52-week high. The company has generated returns on investments over the last 12 months (9.00%).
with sales reaching $173M over the same period.The EPS is expected to shrink by -20.95% this year, but quarterly earnings will post 0.16% year-over-year.
Daktronics Inc (DAKT) Top Institutional Holders
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 41.85M with Short Float at 3.33%. 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 Wiemann Bradley T, the company’s Exec Vice President. SEC filings show that Wiemann Bradley T sold 638 shares of the company’s common stock on Jul 16 ’24 at a price of $14.20 per share for a total of $9060.0. Following the sale, the insider now owns 0.0 shares.
Daktronics Inc disclosed in a document filed with the SEC on Dec 12 ’24 that Friel John Patrick (Director) sold a total of 2,244 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $18.17 per share for $40766.0. Following the transaction, the insider now directly holds 87573.0 shares of the DAKT stock.
Still, SEC filings show that on Dec 11 ’24, Kurtenbach Matthew John (VP of Manufacturing) disposed off 7,707 shares at an average price of $8.37 for $64539.0. The insider now directly holds 210,609 shares of Daktronics Inc (DAKT).
