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Exploring NASDAQ:DAKT's growth characteristics.

By Mill Chart

Last update: Nov 13, 2023

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if DAKTRONICS INC (NASDAQ:DAKT) is suited for growth investing. Investors should of course do their own research, but we spotted DAKTRONICS INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NASDAQ:DAKT highlighted

  • DAKTRONICS INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 575.0% increase. This indicates improving financial performance and the company's effective management of its operations.
  • DAKTRONICS INC has experienced 35.26% q2q revenue growth, indicating a significant sales increase.
  • The 3-year EPS growth of DAKTRONICS INC (34.71%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
  • The Return on Equity(ROE) of DAKTRONICS INC is 14.17%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
  • DAKTRONICS INC has exhibited strong Relative Strength(RS) in recent periods, with a current 99.32 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 Debt-to-Equity ratio at 0.19, DAKTRONICS INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
  • The ownership composition of DAKTRONICS INC reflects a balanced investor ecosystem, with institutional shareholders owning 48.77%. This indicates a broader market participation and potential for increased trading liquidity.

Technical Analysis Observations

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 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 and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that DAKT is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, DAKT also shows a nice and consistent pattern of rising prices.
  • DAKT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 98% of 126 stocks in the same industry.
  • DAKT is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DAKT is leading the market.
  • In the last month DAKT has a been trading in the 8.83 - 10.42 range, which is quite wide. It is currently trading near the high of this range.
  • Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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

A complete fundamental analysis of NASDAQ:DAKT

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Taking everything into account, DAKT scores 6 out of 10 in our fundamental rating. DAKT was compared to 126 industry peers in the Electronic Equipment, Instruments & Components industry. DAKT has only an average score on both its financial health and profitability. DAKT is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, DAKT could be worth investigating further for value and growth investing!.

For an up to date full fundamental analysis you can check the fundamental report of DAKT

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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DAKTRONICS INC

NASDAQ:DAKT (2/21/2024, 7:00:01 PM)

After market: 7.85 0 (0%)

7.85

+0.27 (+3.56%)

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