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Wednesday, September 27, 2023

The Street Is Finally Waking Up To Daktronics Inc. (NASDAQ: DAKT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Daktronics Inc. (DAKT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.51%, to $9.77. The Daktronics Inc. has recorded 7,874 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Daktronics, Inc. Announces 2024 Fiscal First Quarter Results.

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Stocks Info

Daktronics Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Electronic Components industry. At the end of the last regular session, the stock closed at $9.82 and fluctuated between $10.27 as its day high and $9.80 as its day low. The current market capitalization of Daktronics Inc. is $426.58M. A total of 0.86 million shares were traded on the day, compared to an average of 484.94K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DAKT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 0 SELLs from insiders. Insiders purchased 65,884 shares during that period but sold 0.

In the most recent transaction, Wiemann Bradley T bought 25,000 shares of DAKT for 2.79 per share on Oct 12. After the transaction, the Exec Vice President now owns 130,445 company shares. In a previous transaction on Sep 20, Siegel Andrew David bought 13,217 shares at 2.90 per share. DAKT shares that Director owns now total 1,265,392.

Among the insiders who bought shares, Siegel Andrew David acquired of 1,958 shares on Sep 15 at a per-share price of $2.94. This resulted in the Director holding 1,252,175 shares of DAKT after the transaction. In another insider transaction, Siegel Andrew David bought 8,042 shares at $2.94 per share on Sep 14. Company shares held by the Director now total 1,250,217.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. DAKT’s most recent ex-dividend date was 3/6/2020 when it declared a $0.05 quarterly dividend that was paid in cash on 3/19/2020. Previously, the company paid the dividend on 12/26/2019 with an ex-dividend date of 12/13/2019. The DAKT stock dividend was $0.05 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DAKT in the last 3 months, the mean price target is $12.00 with high estimates of $12.00 and low estimates of $12.00. In terms of 52-week highs and lows, DAKT has a high of $9.97 and a low of $1.46.

As of this writing, DAKT has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.13. The company reported an EPS of $0.47 in the last quarter, which was 235.70% higher than expectations of $0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DAKT’s latest balance sheet shows that the firm has $21.16M in Cash & Short Term Investments as of fiscal 2022. There were $2.31M in debt and $213.69M in liabilities at the time. Its Book Value Per Share was $4.40, while its Total Shareholder’s Equity was $191.56M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAKT is Buy with a score of 0.00.

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