Are Things Looking Up For Daktronics Inc. (NASDAQ: DAKT)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Electronic Components industry segment. The current market capitalization of Daktronics Inc. is $662.09M. A total of 0.97 million shares were traded on the day, compared to an average of 495.58K shares.

In the most recent transaction, Kurtenbach Matthew John sold 9,000 shares of DAKT for 14.94 per share on Jul 16 ’24. After the transaction, the VP of Manufacturing now owns 208,906 company shares. In a previous transaction on Jul 15 ’24, Kurtenbach Matthew John sold 7,000 shares at 14.34 per share. DAKT shares that VP of Manufacturing owns now total 208,906.

Among the insiders who sold shares, Wiemann Bradley T disposed of 1,839 shares on Jul 15 ’24 at a per-share price of $14.66. This resulted in the Exec Vice President holding 108,743 shares of DAKT after the transaction. In another insider transaction, Kurtenbach Matthew John sold 8,874 shares at $13.90 per share on Jul 11 ’24. Company shares held by the VP of Manufacturing now total 208,906.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, DAKT has a high of $15.23 and a low of $6.46.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DAKT’s latest balance sheet shows that the firm has $21.16M in Cash & Short Term Investments as of fiscal 2022. There were $2.31M in debt and $213.69M in liabilities at the time. Its Book Value Per Share was $5.17, while its Total Shareholder’s Equity was $191.56M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAKT is Buy with a score of 0.00.

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