Daktronics Inc. (NASDAQ:DAKT) does about 549.06K shares in volume on a normal day but saw 656228 shares change hands in the recent trading day. The company now has a market cap of 618.58M USD. Its current market price is $13.26, marking an increase of 2.71% compared to the previous close of $12.91. The 52 week high reached by this stock is $15.97 whilst the lowest price level in 52 weeks is $7.20.
Daktronics Inc. (DAKT) has a 20-day trading average at $12.38 and the current price is -16.97% off the 52-week high compared with 84.17% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.76 and its 200-day simple moving average is $10.86. If we look at the stock’s price movements over the week, volatility stands at 3.86%, which increases to 4.50% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.07 to suggest the stock is neutral.
The consensus objective for the share price is $15.94, suggesting that the stock has a potential upside of 16.81% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 24, 2018 when Sidoti initiated the stock to “Neutral” and issued a price target of $10. Needham upgraded its price target at $10.
The current price level is 6.96%, -3.82%, and 22.32% away from its SMA20, SMA50, and SMA200 respectively, with the DAKT price moving above the 50-day SMA on current market day. Daktronics Inc. (DAKT) stock is up 6.00% over the week and -8.24% over the past month. Its price is 56.37% year-to-date and 48.65% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.81 percent from here.
The company has a return on investment of 3.31% and return on equity of 4.56%. The price to earnings ratio (P/E ratio) amounts to 64.81 while the forward price to earnings ratio is 11.33. The beta has a value of 1.15. Price to book ratio is 2.59 and price to sales ratio is 0.76.
