Daktronics Inc (NASDAQ: DAKT) has reported a loss for its first fiscal quarter (ending July 31) of $-0.11 versus $0.42 for the same period a year ago — a decline of -126%. E.P.S. were $0.22 for the latest four quarters through July 31 versus $0.68 for the same period a year ago — a decline of -68%.
Recent Price Action
On 9/4/24, Daktronics Inc (NASDAQ: DAKT) stock suffered a large decline of -9.1%, closing at $12.37. Moreover, trading volume in this decline was unusually high at 173% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -20.6% 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 B (Positive). 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 44 but a very high Power Rating of 98, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment