DAKT Daktronics stock Story

DAKT -  USA Stock  

USD 6.45  0.32  4.73%

As many of us are excited about technology space, it is fair to review Daktronics within current market trends. As expected, Daktronics is starting to reaffirm its true potential as private investors are becoming more and more confident in the future outlook. The returns on investing in Daktronics and the market returns of the last few months appear unrelated to each other. The indication of stable forward-looking signals of the firm implies a short-horizon price swing for private investors of Daktronics. Daktronics is scheduled to announce its earnings today.
Published over a week ago
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Will Daktronics (NASDAQ:DAKT) price continue to gain in July?
Daktronics's average rating is Strong Buy from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Daktronics market sentiment investors' perception of the future value of Daktronics. Let us look at a few aspects of Daktronics technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Daktronics. In general, we focus on analyzing Daktronics stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Daktronics's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Daktronics's intrinsic value. In addition to deriving basic predictive indicators for Daktronics, we also check how macroeconomic factors affect Daktronics price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Daktronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Daktronics in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Daktronics. Your research has to be compared to or analyzed against Daktronics' peers to derive any actionable benefits. When done correctly, Daktronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Daktronics.

How does DAKT Daktronics Stands against Peers?

Analyzing Daktronics competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Daktronics across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Daktronics Competition Details

How DAKT 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 66.21 Million in 2020

Closer look at Daktronics Semi Deviation

Daktronics has current Semi Deviation of 2.11. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation 
=  
SQRT(SV) 
 = 
2.11
SQRT = Square root notation
SV =   Daktronics semi variance of returns over selected period
Let's now compare Daktronics Semi Deviation to its closest peers:
DAKT
CAJ
DDD
HPQ
HAUP
DAKT2.1148681253280834
CAJ1.18
DDD5.44
HPQ2.59
HAUP8.88

Will Daktronics growth be real after the gain?

Daktronics sortino ratio is up to 0.0. Daktronics currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.13. However, we advise investors to further question Daktronics expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Daktronics' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Daktronics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Final Take On Daktronics

Whereas other companies within the computer hardware industry are still a little expensive, even after the recent corrections, Daktronics may offer a potential longer-term growth to private investors. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither buy nor drop any shares of Daktronics at this time. The Daktronics risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Daktronics.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Daktronics. Please refer to our Terms of Use for any information regarding our disclosure principles.

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