In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Daktronics Inc (NASDAQ: DAKT) was $19.21 for the day, up 1.51% from the previous closing price of $18.92. In other words, the price has increased by $1.51 from its previous closing price. On the day, 1.01 million shares were traded. DAKT stock price reached its highest trading level at $19.82 during the session, while it also had its lowest trading level at $18.51.
Ratios:
Our analysis of DAKT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Sidoti on January 24, 2018, initiated with a Neutral rating and assigned the stock a target price of $10.
Needham Upgraded its Hold to Buy on September 23, 2015, while the target price for the stock was maintained at $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 03 ’24 when Kurtenbach Matthew John sold 15,400 shares for $13.28 per share. The transaction valued at 204,486 led to the insider holds 2,500 shares of the business.
Wiemann Bradley T sold 25,000 shares of DAKT for $322,250 on Sep 27 ’24. The Exec Vice President now owns 85,446 shares after completing the transaction at $12.89 per share. On Sep 27 ’24, another insider, Wiemann Bradley T, who serves as the Officer of the company, bought 25,000 shares for $12.50 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DAKT now has a Market Capitalization of 902606784 and an Enterprise Value of 740938944. As of this moment, Daktronics’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.79, and their Forward P/E ratio for the next fiscal year is 16.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 3.45. Its current Enterprise Value per Revenue stands at 0.913 whereas that against EBITDA is 8.46.
Stock Price History:
Over the past 52 weeks, DAKT has reached a high of $19.81, while it has fallen to a 52-week low of $7.20. The 50-Day Moving Average of the stock is 36.13%, while the 200-Day Moving Average is calculated to be 56.23%.
Shares Statistics:
DAKT traded an average of 473.54K shares per day over the past three months and 596010 shares per day over the past ten days. A total of 46.90M shares are outstanding, with a floating share count of 41.40M. Insiders hold about 11.24% of the company’s shares, while institutions hold 70.26% stake in the company. Shares short for DAKT as of 1731628800 were 1885409 with a Short Ratio of 3.98, compared to 1728950400 on 2851239. Therefore, it implies a Short% of Shares Outstanding of 1885409 and a Short% of Float of 4.36.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.41.
