Somewhat Favorable News Coverage Somewhat Unlikely to Impact Daktronics (DAKT) Stock Price
News stories about Daktronics (NASDAQ:DAKT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Daktronics earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.0131287901261 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Daktronics, Inc. – Value Analysis (NASDAQ:DAKT) : November 3, 2017 (finance.yahoo.com)
- Daktronics, Inc. breached its 50 day moving average in a Bearish Manner : DAKT-US : November 2, 2017 (finance.yahoo.com)
- ETFs with exposure to Daktronics, Inc. : November 1, 2017 (finance.yahoo.com)
- The global LED video walls market is expected to reach a value of US$3,882.9 mn by 2025: MRRSE (mynewsdesk.com)
- Daktronics : O2 Media Orders 14th Digital Billboard from Daktronics (4-traders.com)
Daktronics (NASDAQ DAKT) traded down $0.13 during midday trading on Friday, reaching $9.72. 180,379 shares of the company were exchanged, compared to its average volume of 109,170. The company has a market capitalization of $430.48, a PE ratio of 33.52 and a beta of 1.23. Daktronics has a twelve month low of $7.84 and a twelve month high of $11.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.43 and a current ratio of 1.94.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, August 22nd. The technology company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The business had revenue of $172.70 million for the quarter, compared to analysts’ expectations of $165.00 million. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. equities analysts predict that Daktronics will post 0.37 EPS for the current year.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. TheStreet raised shares of Daktronics from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. Finally, BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Daktronics has a consensus rating of “Buy” and an average target price of $11.83.
In other Daktronics news, insider Carla S. Gatzke sold 2,988 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $10.00, for a total value of $29,880.00. Following the transaction, the insider now directly owns 436,130 shares in the company, valued at $4,361,300. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Carla S. Gatzke sold 2,996 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $10.27, for a total transaction of $30,768.92. Following the completion of the transaction, the insider now owns 435,063 shares in the company, valued at $4,468,097.01. The disclosure for this sale can be found here. In the last three months, insiders sold 43,291 shares of company stock worth $553,101. 8.20% of the stock is currently owned by insiders.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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