Daktronics Inc (NASDAQ: DAKT) has reported earnings for its third fiscal quarter (ending January 31) of $0.23 versus $0.08 for the same period a year ago — an increase of 188%. E.P.S. were $1.17 for the latest four quarters through January 31 versus $-0.34 for the same period a year ago.
Recent Price Action
On 2/28/24, Daktronics Inc (NASDAQ: DAKT) stock enjoyed a very large increase of 8.2%, closing at $8.80. Moreover, exceptionally high trading volume at 303% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, DAKT is expected to continue to be Value Creation neutral.
Daktronics has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Daktronics has a very low Appreciation Score of 12 but a good Power Rating of 83, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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