With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $17.72 whereas the lowest price it dropped to was $17.0. The 52-week range on DAKT shows that it touched its highest point at $19.89 and its lowest point at $7.20 during that stretch. It currently has a 1-year price target of $22.50. Beta for the stock currently stands at 1.20.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAKT was down-trending over the past week, with a drop of -9.64%, but this was up by 19.05% over a month. Three-month performance surged to 39.18% while six-month performance rose 61.06%. The stock gained 109.02% in the past year, while it has gained 107.78% so far this year. A look at the trailing 12-month EPS for DAKT yields 0.38 with Next year EPS estimates of 1.08. For the next quarter, that number is 0.07. This implies an EPS growth rate of -20.95% for this year and 84.62% for next year.
Float and Shares Shorts:
At present, 46.90 million DAKT shares are outstanding with a float of 41.70 million shares on hand for trading. On 2024-11-15, short shares totaled 1.89 million, which was 404.0 higher than short shares on 1728950400. In addition to Mr. Reece A. Kurtenbach as the firm’s Chairman, President & CEO, Ms. Sheila Mae Anderson CPA serves as its CFO, Treasurer and Chief Data & Analytics Officer.
Institutional Ownership:
Through their ownership of 0.72652 of DAKT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-27, DAKT reported revenue of $208331000.0 and operating income of $15770000.0. The EBITDA in the recently reported quarter was $10367000.0 and diluted EPS was $0.22.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With DAKT analysts setting a high price target of 17.0 and a low target of 17.0, the average target price over the next 12 months is 17.0. Based on these targets, DAKT could drop -3.52% to reach the target high and fall by -3.52% to reach the target low. Reaching the average price target will result in a decline of -3.52% from current levels.
Analysts have provided yearly estimates in a range of $0.94229 being high and $0.93771 being low. For DAKT, this leads to a yearly average estimate of $0.94. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.24. The average estimate for the next quarter is thus $0.24.
