In the past week, DAKT stock has gone up by 1.58%, with a monthly gain of 8.66% and a quarterly plunge of -3.65%. The volatility ratio for the week is 3.27%, and the volatility levels for the last 30 days are 3.11% for Daktronics Inc The simple moving average for the last 20 days is 7.80% for DAKT stock, with a simple moving average of 26.53% for the last 200 days.
Is It Worth Investing in Daktronics Inc (NASDAQ: DAKT) Right Now?
The price-to-earnings ratio for Daktronics Inc (NASDAQ: DAKT) is above average at 72.34x. The 36-month beta value for DAKT is also noteworthy at 1.19. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DAKT is 41.43M, and at present, short sellers hold a 7.17% of that float. The average trading volume of DAKT on November 14, 2024 was 440.22K shares.
DAKT) stock’s latest price update
The stock price of Daktronics Inc (NASDAQ: DAKT) has plunged by -0.67 when compared to previous closing price of 14.90, but the company has seen a 1.58% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-08 that BROOKINGS, S.D., Nov. 08, 2024 (GLOBE NEWSWIRE) — Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its common shareholders to exercise the Company’s right to convert an initial $7.0 million in face value of the $25 million senior second lien secured promissory note (the “Convertible Note”) held by Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox”) into approximately 1.1 million shares of the Company’s common stock.
Analysts’ Opinion of DAKT
Many brokerage firms have already submitted their reports for DAKT stocks, with Sidoti repeating the rating for DAKT by listing it as a “Neutral.” The predicted price for DAKT in the upcoming period, according to Sidoti is $10 based on the research report published on January 24, 2018 of the previous year 2018.
Needham gave a rating of “Buy” to DAKT, setting the target price at $10 in the report published on September 23rd of the previous year.
DAKT Trading at 12.96% from the 50-Day Moving Average
After a stumble in the market that brought DAKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.33% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +8.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.64% upper at present.
During the last 5 trading sessions, DAKT rose by +1.58%, which changed the moving average for the period of 200-days by +89.26% in comparison to the 20-day moving average, which settled at $13.73. In addition, Daktronics Inc saw 74.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAKT starting from Kurtenbach Matthew John, who sale 15,400 shares at the price of $13.28 back on Oct 03 ’24. After this action, Kurtenbach Matthew John now owns 2,500 shares of Daktronics Inc, valued at $204,486 using the latest closing price.
Wiemann Bradley T, the Exec Vice President of Daktronics Inc, sale 25,000 shares at $12.89 during a trade that took place back on Sep 27 ’24, which means that Wiemann Bradley T is holding 85,446 shares at $322,250 based on the most recent closing price.
Stock Fundamentals for DAKT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.26 for the gross margin
The net margin for Daktronics Inc stands at 0.01. The total capital return value is set at 0.15. Equity return is now at value 4.56, with 1.97 for asset returns.
Based on Daktronics Inc (DAKT), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.84. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 20.53.
Currently, EBITDA for the company is 104.86 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 4.35for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In summary, Daktronics Inc (DAKT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
