Recent meaningful positive changes in fundamentals have benefitted Daktronics Inc (NASDAQ: DAKT): the consensus estimate for April, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for April, 2025 increased significantly.
Important positive changes in Daktronics Inc (NASDAQ: DAKT) investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Daktronics has a neutral Appreciation Score of 45 but a good Power Rating of 84, resulting in the Positive Value Trend Rating.
Recent Price Action
Daktronics Inc (NASDAQ: DAKT) stock enjoyed a large increase of 4.7% on 7/15/24. The stock closed at $14.55. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.5% during the last week.
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