DAIO Stock Summary and Trading Ideas (Data I/O | NASDAQ:DAIO)

Data I/O Corp is a provider of programming, security deployment, security provisioning and associated Intellectual Property protection and management solutions used in electronics manufacturing with flash memory, microcontrollers, and flash memory-based intelligent devices as well as secure element devices, authentication devices and secure microcontrollers. It is engaged in focused on the design, manufacturing and sale of programming systems used by designers and manufacturers of electronic products. It has its geographic presence in United States, Europe and Rest of the world.

Data I/O trades on the NASDAQ stock market under the symbol DAIO.

As of May 15, 2024, DAIO stock price declined to $2.97 with 1,355 million shares trading.

DAIO has a beta of 0.72, meaning it tends to be less sensitive to market movements. DAIO has a correlation of 0.06 to the broad based SPY ETF.

DAIO has a market cap of $26.79 million. This is considered a Sub-Micro Cap stock.

Last quarter Data I/O reported $6 million in Revenue and -$.09 earnings per share. This fell short of revenue expectation by $-621,000 and missed earnings estimates by -$.09.

In the last 3 years, DAIO stock traded as high as $7.52 and as low as $2.61.

The top ETF exchange traded funds that DAIO belongs to (by Net Assets): VTI, VXF, DFAT, IWC, DFUS.

DAIO has underperformed the market in the last year with a price return of -34.7% while the SPY ETF gained +29.9%. DAIO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.7% and +4.2%, respectively, while the SPY returned +6.2% and +5.2%, respectively.

DAIO support price is $2.89 and resistance is $3.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAIO stock will trade within this expected range on the day.