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Why DAKTRONICS INC (NASDAQ:DAKT) qualifies as a high growth stock.

By Mill Chart

Last update: Dec 4, 2023

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.

Some of the canslim metrics of NASDAQ:DAKT highlighted

  • DAKTRONICS INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 575.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
  • With consistent quarter-to-quarter (Q2Q) revenue growth of 35.25%, DAKTRONICS INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
  • 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.
  • DAKTRONICS INC showcases a robust Return on Equity (ROE) of 14.16%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
  • DAKTRONICS INC has exhibited strong Relative Strength(RS) in recent periods, with a current 99.24 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.
  • Maintaining a Debt-to-Equity ratio of 0.19, DAKTRONICS INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
  • DAKTRONICS INC demonstrates a balanced ownership structure, with institutional shareholders at 50.51%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Deciphering the Technical Picture of NASDAQ:DAKT

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

Taking everything into account, DAKT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, DAKT has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • 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!
  • 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. 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 S&P500 Index however is currently trading near a new high, so DAKT is lagging the market slightly.
  • In the last month DAKT has a been trading in the 9.28 - 12.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

What is the full fundamental picture of NASDAQ:DAKT telling us.

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

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 an average financial health and profitability rating. DAKT is growing strongly while it also seems undervalued. This is an interesting combination This makes DAKT very considerable for value and growth investing!

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

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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DAKTRONICS INC

NASDAQ:DAKT (5/17/2024, 7:00:01 PM)

After market: 11.41 0 (0%)

11.41

-0.24 (-2.06%)

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