Daktronics Inc. (NASDAQ:DAKT) shares traded 4.32% higher at $4.83 on Wall Street last session.
In accordance with the data, 1 analysts cover Daktronics Inc. (NASDAQ:DAKT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.50 and a low of $5.50, we find $5.50. Given the previous closing price of $4.63, this indicates a potential upside of 18.79 percent. DAKT stock price is now 28.21% away from the 50-day moving average and 42.97% away from the 200-day moving average. The market capitalization of the company currently stands at $211.07M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $5.50 as their price target over the next twelve months.
With the price target of $10, Sidoti recently initiated with Neutral rating for Daktronics Inc. (NASDAQ: DAKT)., while ‘Needham’ rates the stock as ‘Buy’.
In other news, Wiemann Bradley T, Exec Vice President bought 25,000 shares of the company’s stock on Oct 12. The stock was bought for $69,645 at an average price of $2.79. Upon completion of the transaction, the Exec Vice President now directly owns 130,445 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20, Director Siegel Andrew David bought 13,217 shares of the business’s stock. A total of $38,329 was incurred on buying the stock at an average price of $2.90. This leaves the insider owning 1,265,392 shares of the company worth $6.11 million. Insiders disposed of 2,280 shares of company stock worth roughly $11012.4 over the past 1 year. A total of 3.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DAKT stock. A new stake in Daktronics Inc. shares was purchased by NANTAHALA CAPITAL MANAGEMENT, LLC during the first quarter worth $1,411,000. BANK OF MONTREAL /CAN/ invested $428,000 in shares of DAKT during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Daktronics Inc. valued at approximately $423,000. GSA CAPITAL PARTNERS LLP acquired a new stake in DAKT for approximately $390,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in DAKT valued at around $324,000 in the second quarter. In total, there are 110 active investors with 45.90% ownership of the company’s stock.
Daktronics Inc. (NASDAQ: DAKT) opened at $4.5700 on Wednesday. During the past 12 months, Daktronics Inc. has had a low of $1.46 and a high of $4.71. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 1.50, and a quick ratio of 0.80. The fifty day moving average price for DAKT is $3.8076 and a two-hundred day moving average price translates $3.3857 for the stock.
The latest earnings results from Daktronics Inc. (NASDAQ: DAKT) was released for Oct, 2022. According to the Electronic Components Company, earnings per share came in at -$0.29, missing analysts’ expectations of $0 by -0.29. This compares to -$0.10 EPS in the same period last year. The net profit margin was -1.20% and return on equity was -4.50% for DAKT. The company reported revenue of $184.97 million for the quarter, compared to $139.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.54 percent. For the current quarter, analysts expect DAKT to generate $164.68M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/19/2020. Investors who held shares on 03/09/2020 were paid a $0.05 dividend.
Daktronics Inc.(DAKT) Company Profile
Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms. It also provides control components for video displays in live event applications; message displays; ITS dynamic message signs, including LED displays for road management; mass transit displays; and sound systems for indoor and outdoor sports venues. In addition, the company offers out-of-home advertising displays comprising digital billboards and street furniture displays; DataTime product line that consists of outdoor time and temperature displays; and Fuelight digit displays designed for the petroleum industry. Further, it provides ADFLOW DMS systems that include indoor networked solutions for retailers, convenience stores, and other businesses; and Venus Control Suite, Show Control, Vanguard, and others, as well as maintenance and professional services related to its products. The company sells its products through direct sales and resellers. Daktronics, Inc. was founded in 1968 and is headquartered in Brookings, South Dakota.
