Daktronics Inc. (NASDAQ: DAKT) stock jumped 0.71% on Monday to $11.41 against a previous-day closing price of $11.33. With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $11.45 whereas the lowest price it dropped to was $11.25. The 52-week range on DAKT shows that it touched its highest point at $11.67 and its lowest point at $1.46 during that stretch. It currently has a 1-year price target of $12.00. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAKT was up-trending over the past week, with a rise of 14.21%, but this was up by 25.80% over a month. Three-month performance surged to 39.32% while six-month performance rose 94.05%. The stock gained 213.46% in the past year, while it has gained 304.61% so far this year. A look at the trailing 12-month EPS for DAKT yields 0.68 with Next year EPS estimates of 1.15. For the next quarter, that number is 0.13. This implies an EPS growth rate of 446.67% for this year and 40.24% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.80%.
Float and Shares Shorts:
At present, 43.58 million DAKT shares are outstanding with a float of 37.28 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.73 million, which was 3.78% higher than short shares on Sep 28, 2023. In addition to Mr. Reece A. Kurtenbach as the firm’s Chairman, President & CEO, Ms. Sheila Mae Anderson serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 39.59% of DAKT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 28.56% of DAKT, in contrast to 24.50% held by mutual funds. Shares owned by individuals account for 23.81%. As the largest shareholder in DAKT with 5.00% of the stake, BlackRock Fund Advisors holds 2,285,493 shares worth 2,285,493. A second-largest stockholder of DAKT, Dimensional Fund Advisors LP, holds 2,145,807 shares, controlling over 4.69% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DAKT, holding 2,119,682 shares or 4.64% stake. With a 2.90% stake in DAKT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,325,348 shares are owned by the mutual fund manager. The Columbia Multi Manager Alternativ, which owns about 2.18% of DAKT stock, is the second-largest Mutual Fund holder. It holds 995,000 shares valued at 9.57 million. iShares Russell 2000 ETF holds 1.90% of the stake in DAKT, owning 868,202 shares worth 8.35 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAKT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DAKT analysts setting a high price target of $12.00 and a low target of $12.00, the average target price over the next 12 months is $12.00. Based on these targets, DAKT could surge 5.17% to reach the target high and rise by 5.17% to reach the target low. Reaching the average price target will result in a growth of 5.17% from current levels.
Dividends & Yield:
In terms of dividends, DAKT has a current ratio of $–, which is $– over the trailing 12-months, while a dividend of $0.23 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and DAKT currently yields $0.79. In the past year, DAKT’s dividend yield has been $0.79, but when looking at the stock over the past five years, its yield has been $3.28. Accordingly, DAKT has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded DAKT stock several times over the past three months with 35 Buys and 15 Sells. In these transactions, 71,883 shares were bought while 13,692 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 89,550 while 13,692 shares were sold.
