Daktronics Inc (NASDAQ:DAKT) price on Friday, February 28, fall -0.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.26.
A look at the stock’s price movement, the close in the last trading session was $15.31. The PE ratio in trailing twelve months stood at 40.05. Turning to its 52-week performance, $19.89 and $7.38 were the 52-week high and 52-week low respectively. Overall, DAKT moved -8.40% over the past month.
Daktronics Inc’s market cap currently stands at around $718.61 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 171.4M for the company’s revenue for the quarter, with a low and high estimate of 169.8M and 173M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 809.26M, representing a -1.08% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DAKT is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
DAKT’s current price about -5.02% and -7.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.72, while 7-day volatility ratio is 3.18% and 3.65% in the 30-day chart. Further, Daktronics Inc (DAKT) has a beta value of 1.13, and an average true range (ATR) of 0.57.
If we refocus on Daktronics Inc (NASDAQ:DAKT), historical trading data shows that trading volumes averaged 452.78K over the past 3 months. The company’s latest data on shares outstanding shows there are 46.90 million shares.
The 11.19% of Daktronics Inc’s shares are in the hands of company insiders while institutional holders own 68.79% of the company’s shares. Current price change has pushed the stock -9.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DAKT stock continues to rise going into the next quarter.
