Daktronics, Inc.Long
Daktronics: An OK Stock...
Updated
Fundamentals:
Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered from a net loss. It is similar to LINK. Its sales have been over 30% q/q and y/y. Earnings are through the roof too. Their operations were affected in Shanghai by covid....and they recently overcame some supply chain distributions. It was around $2 Q1 2023. The price is still under $20, which is too cheap in my book. However, I like their recovery story. :)
Technicals:
Price is breaking out of a daily cup-w-handle patterns with growing volume.
Price is less than 15% off the highs from 2017.
Trade Plan:
Add a small position next week
Target is 16 and 40.
Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered from a net loss. It is similar to LINK. Its sales have been over 30% q/q and y/y. Earnings are through the roof too. Their operations were affected in Shanghai by covid....and they recently overcame some supply chain distributions. It was around $2 Q1 2023. The price is still under $20, which is too cheap in my book. However, I like their recovery story. :)
Technicals:
Price is breaking out of a daily cup-w-handle patterns with growing volume.
Price is less than 15% off the highs from 2017.
Trade Plan:
Add a small position next week
Target is 16 and 40.
Note
Moves top to break-even
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