A new trading day began on Tuesday, with Daktronics Inc (NASDAQ: DAKT) stock price up 3.72% from the previous day of trading, before settling in for the closing price of $16.68. DAKT’s price has ranged from $7.20 to $19.89 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 8.94% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -20.95%. With a float of $41.81 million, this company’s outstanding shares have now reached $46.90 million.
In an organization with 2831 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 25.91%, operating margin of 6.08%, and the pretax margin is 5.51%.
Daktronics Inc (DAKT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Daktronics Inc is 11.01%, while institutional ownership is 69.69%. The most recent insider transaction that took place on Dec 12 ’24, was worth 40,766. In this transaction Director of this company sold 2,244 shares at a rate of $18.17, taking the stock ownership to the 87,573 shares. Before that another transaction happened on Dec 11 ’24, when Company’s VP of Manufacturing sold 7,707 for $8.37, making the entire transaction worth $64,539. This insider now owns 210,609 shares in total.
Daktronics Inc (DAKT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.95% per share during the next fiscal year.
Daktronics Inc (NASDAQ: DAKT) Trading Performance Indicators
Here are Daktronics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99. Likewise, its price to free cash flow for the trailing twelve months is 12.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.38, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Daktronics Inc (DAKT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.53 million. That was better than the volume of 0.51 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.85%. Additionally, its Average True Range was 0.86.
During the past 100 days, Daktronics Inc’s (DAKT) raw stochastic average was set at 68.98%, which indicates a significant increase from 26.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.80% in the past 14 days, which was higher than the 49.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.31, while its 200-day Moving Average is $12.89. However, in the short run, Daktronics Inc’s stock first resistance to watch stands at $17.52. Second resistance stands at $17.74. The third major resistance level sits at $18.08. If the price goes on to break the first support level at $16.95, it is likely to go to the next support level at $16.61. The third support level lies at $16.39 if the price breaches the second support level.
Daktronics Inc (NASDAQ: DAKT) Key Stats
With a market capitalization of 812.86 million, the company has a total of 46,986K Shares Outstanding. Currently, annual sales are 818,080 K while annual income is 34,620 K. The company’s previous quarter sales were 208,330 K while its latest quarter income was 21,410 K.
