Extremely significant negative changes in Daktronics Inc (NASDAQ: DAKT) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent notable negative changes in fundamentals have affected Daktronics Inc (NASDAQ: DAKT): significant quarterly sales deceleration occurred, and the consensus estimate for April, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Daktronics has a neutral Appreciation Score of 51 but a very high Power Rating of 99, resulting in the Highest Value Trend Rating.
Recent Price Action
On 9/13/24, Daktronics Inc (NASDAQ: DAKT) stock increased 1.9%, closing at $12.56. However, below average trading volume at 77% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.4% during the last week.
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