Returns Breakdown
| Return on Investment | 2.48 | |
| Return on Assets | 9.24E-4 | |
| Return on Equity | 0.002771 | |
| Return Capital | 0.004618 | |
| Return on Sales | 0.001847 |
What can we learn from Daktronics (USA Stocks:DAKT) newest price fluctuation
 | By Aina Ster | Macroaxis Story |
Daktronics, a leading player in the Electronic Equipment & Instruments industry, has seen its stock surge over 2% despite broader market gains, outperforming many of its peers. The company, which ended its fiscal year in May, has been on a positive trajectory with a 52-week high of $7.15 and a Wall Street target price of $8. Despite a loss of $0.18 per share estimated for the current year, analysts expect a strong turnaround with an EPS estimate of $0.71 for the next year. The stock's Beta of 1.1981 suggests it's slightly more volatile than the market, but with a PEG ratio of 1.33, it's considered fairly valued given its growth rate. The company's valuation real value stands at $7.21, higher than its market value of $6.11, indicating potential for upside. The analyst overall consensus rates Daktronics as a 'Strong Buy', backed by one analyst issuing a 'Strong Buy' recommendation. However, investors should be aware of the short ratio of 1.08 and short percent of 0.0093, indicating some investors are betting on the stock's decline. The possible downside price is $3.55, while the possible upside price is $9.25, showing a higher potential for gains. Daktronics' Net Current Assets as a percentage of Total Assets are relatively stable at the moment, compared to the previous year. In 2022, Daktronics reported that its Net Current Assets constituted 27.10% of its Total Assets. The Payout Ratio is expected to increase to 9.93 in 2023, while the Receivables Turnover is projected to decrease to 5.75 in the same year. The primary purpose of this analysis is to provide private investors with our perspective on Daktronics for August. We will be forecasting Daktronics' value for private investors.
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Reviewed by Raphi Shpitalnik
Daktronics, a key player in the Electronic Equipment & Instruments sector, has seen its stock surge over 2% to a last price of $6.11, outperforming broader market gains. Despite a challenging fiscal year with an expected shortfall of $2.31, the company's shares remain resilient with a low price of $6 and a high price of $6.26. The stock's 50-day moving average stands at $6.05, demonstrating a stable upward trend. Looking forward, Wall Street's target price for Daktronics is $8, indicating potential upside of 5.52%. However, investors should note the company's high standard deviation of 2.89, which indicates significant price volatility. Despite the risks, Daktronics' strong performance and potential for growth make it a stock to watch.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Daktronics. Your research has to be compared to or analyzed against Daktronics' peers to derive any actionable benefits. When done correctly, Daktronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Daktronics.
More Analysis
Approximately 21.0% of Daktronics shares are held by company insiders. Insider ownership of Daktronics pertains to the proportion of Daktronics equity held by officers, directors, relatives of the leadership team, or any individuals with access to confidential information prior to its public release. For our latest analysis of Daktronics, including its current ownership diagnostics, please check out our most recent report.There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Daktronics. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for Daktronics
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daktronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
How important is Daktronics's Liquidity
Daktronics financial leverage refers to using borrowed capital as a funding source to finance Daktronics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Daktronics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Daktronics' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Daktronics' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Daktronics's total debt and its cash.
Daktronics Gross Profit
Daktronics Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Daktronics previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Daktronics Gross Profit growth over the last 10 years. Please check Daktronics' gross profit and other fundamental indicators for more details.
A Deeper Perspective On Daktronics
The modest gains experienced by current holders of Daktronics could raise concerns from private investors as the firm is trading at a share price of 6.11 on 219,648 in volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in June. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.85. The current volatility is consistent with the ongoing market swings in June 2023 as well as with Daktronics unsystematic, company-specific events.
Daktronics (NASDAQ: DAKT) continues to outperform in the market, with its stock surging over 2% despite broader market gains. The company's strong performance can be attributed to its solid financials, including a current ratio of 1.53X and a net asset value of 440.88 million. Despite an estimated loss of $0.18 per share for the current year, Daktronics has managed to maintain a positive net income of $592K.The company's five-year return stands at 3.41%, and it has a beta of 1.2, indicating a moderate level of market risk. Daktronics' price to book ratio is 0.60X, suggesting that the stock may be undervalued. The company's total debt is relatively low at $2.31 million, further strengthening its financial position. Daktronics' market capitalization is 278.39 million, and it has a price to sales ratio of 0.17X. With a revenue of $610.97 million and a gross profit of $116.7 million, the company appears to be in a strong financial position. Investors should keep an eye on Daktronics as it continues to outperform in the market. .
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