DAKT Stock Summary and Trading Ideas (Daktronics | NASDAQ:DAKT)

Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems. The company has five reportable segments such as Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company makes majority of its revenue from Live events.

Daktronics trades on the NASDAQ stock market under the symbol DAKT.

As of May 13, 2024, DAKT stock price declined to $11.25 with 421,870 million shares trading.

DAKT has a beta of 0.40, meaning it tends to be less sensitive to market movements. DAKT has a correlation of 0.01 to the broad based SPY ETF.

DAKT has a market cap of $514.16 million. This is considered a Small Cap stock.

Last quarter Daktronics reported $170 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-29 million and missed earnings estimates by -$.08.

In the last 3 years, DAKT stock traded as high as $12.42 and as low as $1.46.

The top ETF exchange traded funds that DAKT belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

DAKT has outperformed the market in the last year with a price return of +119.3% while the SPY ETF gained +27.8%. DAKT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +48.0% and +21.1%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

DAKT support price is $10.97 and resistance is $11.60 (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 DAKT stock will trade within this expected range on the day.