Why the growth investor may take a look at DAKTRONICS INC (NASDAQ:DAKT).

In this article we will dive into DAKTRONICS INC (NASDAQ:DAKT) as a possible candidate for growth investing. Investors should always do their own research, but we noticed DAKTRONICS INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of DAKTRONICS INC

• In the most recent financial report, DAKTRONICS INC reported a 575.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• DAKTRONICS INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 35.26%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• Over the past 3 years, DAKTRONICS INC has demonstrated 34.71% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• In terms of Return on Equity(ROE), DAKTRONICS INC is performing well, achieving a 14.17% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• DAKTRONICS INC has exhibited strong Relative Strength(RS) in recent periods, with a current 99.35 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. DAKTRONICS INC shows promising potential for continued price momentum.
• With a current Debt-to-Equity ratio at 0.19, DAKTRONICS INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• DAKTRONICS INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 47.25%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Technical analysis of NASDAQ:DAKT

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 9 out of 10 to DAKT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAKT is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, DAKT did better than 99% of all other stocks. We also observe that the gains produced by DAKT over the past year are nicely spread over this period.
• DAKT is part of the Electronic Equipment, Instruments & Components industry. There are 126 other stocks in this industry. DAKT outperforms 98% of them.
• DAKT is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so DAKT slightly outperforms the market at the moment.
• In the last month DAKT has a been trading in the 8.60 - 9.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of DAKT for a complete technical analysis.

A complete fundamental analysis of NASDAQ:DAKT

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

DAKT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 126 industry peers in the Electronic Equipment, Instruments & Components industry. DAKT has only an average score on both its financial health and profitability. DAKT has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings could make DAKT a good candidate for value and growth investing.

Our latest full fundamental report of DAKT contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.