Daktronics Inc (NASDAQ:DAKT) price is hovering higher on current market day and jumping 16.29% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $16.33, with intraday deals fluctuating between $17.28 and $19.81. The company’s 5Y monthly beta was ticking 1.149 while its P/E ratio in the trailing 12-month period read 92.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.49 and 52-week low of $7.20. The stock added 44.74% on its value in the past month.
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Daktronics Inc, which has a market valuation of $885.87 million, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 183.46M, with the likely lows of 183.46M and highs of 183.46M. Staying with the analyst view, there is a consensus estimate of 830.13M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 1.47% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give DAKT a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.09. The overview shows that DAKT’s price is at present 24.97% off the SMA20 and 35.83% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 84.95, with weekly volatility standing at 3.15%. The indicator jumps to 3.91% when calculated based on the past 30 days. Daktronics Inc (NASDAQ:DAKT)’s beta value is holding at 1.20, while the average true range (ATR) indicator is currently reading 0.76.
An analysis of the Daktronics Inc (NASDAQ:DAKT) stock in terms of its daily trading volume indicates that the 3-month average is 457.17K. However, this figure increases on the past 10-day timeline to an average of 0.42 million.
Current records show that the company has 46.62M in outstanding shares. The insiders’ percentage holdings are 11.24% of outstanding shares while the percentage share held by institutions stands at 67.66%. The stats also highlight that short interest as of 2024-11-15, stood at 1.89 million shares, which puts the short ratio at the time at 5.07. From this we can glean that short interest is 436.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 2.85 million. But the 123.94% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
