In yesterday’s Wall Street session, Daktronics Inc. (NASDAQ:DAKT) shares traded at $9.96, up 1.32% from the previous session.
DAKT stock price is now 19.21% away from the 50-day moving average and 17.91% away from the 200-day moving average. The market capitalization of the company currently stands at $460.05M.
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 sold 22,722 shares of the company’s stock on Oct 16 ’23. The stock was sold for $212,603 at an average price of $9.36. Upon completion of the transaction, the Exec Vice President now directly owns 132,582 shares in the company, valued at $1.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 12 ’23, Exec Vice President Wiemann Bradley T sold 778 shares of the business’s stock. A total of $7,400 was realized by selling the stock at an average price of $9.51. This leaves the insider owning 132,582 shares of the company worth $1.32 million. A total of 18.25% of the company’s stock is owned by insiders.
During the past 12 months, Daktronics Inc. has had a low of $4.66 and a high of $12.42. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 2.21, and a quick ratio of 1.38. According to the stock market information, the enterprise value for the company is $409.38M, which is based on a 8.74 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for DAKT is $8.35 and a two-hundred day moving average price translates $8.45 for the stock.
The latest earnings results from Daktronics Inc. (NASDAQ: DAKT) was released for Jan, 2024. According to the Electronic Components Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.17 by -0.09. This compares to $0.08 EPS in the same period last year. The net profit margin was 6.59% and return on equity was 25.75% for DAKT. The company reported revenue of $170.3 million for the quarter, compared to $184.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.93 percent. For the current quarter, analysts expect DAKT to generate $186.19M in revenue.
