Daktronics Inc (NASDAQ: DAKT) stock closed at $13.30 on 6/26/24 after a major increase of 21.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 914% of normal. The stock has been strong relative to the market over the last nine months and has risen 21.7% during the last week.
Current PriceTarget Research Rating
DAKT is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Daktronics has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Daktronics has a slightly negative Appreciation Score of 40 and a neutral Power Rating of 51, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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