Daktronics Story

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DAKT -- USA Stock  

USD 5.37  0.06  1.13%

20% of stocks are less volatile than Daktronics, and 97% of all traded equity instruments are projected to make higher returns than the company over the 60 days investment horizon. As many old-fashioned traders are trying to avoid technology space, it makes sense to review Daktronics a little further and try to understand its current volatility patterns. We are going to break down if the current expected returns justify Daktronics' volatility.
Published over a month ago
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Should you buy more of Daktronics (NASDAQ:DAKT) based on newest volatility?
Daktronics currently holds roughly 45.84 M in cash with 37.57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.03.
Volatility is a rate at which the price of Daktronics or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Daktronics may increase or decrease. In other words, similar to Daktronics's beta indicator, it measures the risk of Daktronics and helps estimate the fluctuations that may happen in a short period of time. So if prices of Daktronics fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Daktronics's Liquidity

Daktronics financial leverage refers to using borrowed capital as a funding source to finance Daktronics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Daktronics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Daktronics's total debt and its cash.

How Daktronics utilizes its cash?

To perform a cash flow analysis of Daktronics, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Daktronics is receiving and how much cash it distributes out in a given period. The Daktronics cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Daktronics Net Cash Flow from Operations is comparatively stable at the moment as compared to the past year. Daktronics reported Net Cash Flow from Operations of 13.28 Million in 2020

Daktronics Volatility Drivers

Daktronics unsystematic risk is unique to Daktronics and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Daktronics you can also buy 3D Systems. You can also mitigate this risk by investing in the computer hardware sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Daktronics important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Daktronics income statement and balance sheet. Here are more details about Daktronics volatility.
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