How to Buy Daktronics Stock
Daktronics Inc
Daktronics, Inc. designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
Daktronics stock last closed at $9.55, up 2.8% from the previous day, and has increased 76.52% in one year. It has overperformed other stocks in the Electronic Components industry by 0.65 percentage points. Daktronics stock is currently +104.94% from its 52-week low of $4.66, and -23.11% from its 52-week high of $12.42.
There are currently 46.19M DAKT shares outstanding. The market value of DAKT is $441.11M. In the last 24 hours, 269,291 DAKT shares were traded.
How to Buy Daktronics Stock
Wondering how to invest in Daktronics stock? Here's how.
- Choose where to buy Daktronics stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Daktronics stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your payment method and add your info.
- Evaluate Daktronics stock: The Daktronics ticker symbol is DAKT. Is Daktronics stock a good investment? Should you buy shares of DAKT? How do DAKT's underlying business fundamentals look? Do top analysts think Daktronics is a good buy? Why has DAKT's stock price moved recently? (Hint: Our stock analysis website can help you decide if DAKT is a good stock to buy).
- Make your DAKT purchase: Decide if you will purchase DAKT shares at the current market price or use a limit order to buy DAKT stock at a specific price.
- Keep tabs on your DAKT position: Create a watchlist to track your new investment in Daktronics shares.
Step 1: Choose where to buy Daktronics stock
You need a brokerage account to access the NASDAQ market and buy DAKT stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you are able to invest in DAKT today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best investment app, you need to deposit funds:
Check out the video below for more details depositing money into your new brokerage account.
Step 4: Evaluate Daktronics stock
Once you have figured out the best place to buy Daktronics stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk and opportunity.
Daktronics shares data
DAKT Fundamentals
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on DAKT's stock page.
Is DAKT stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge DAKT's true value.
Using relative valuations metrics:
- DAKT may be undervalued based on its P/E ratio of 8.16x, relative to Electronic Components industry P/E ratio of 26.27x
- DAKT could be undervalued based on its P/B ratio of 1.87x, relative to Electronic Components industry P/B ratio of 3.46x
- DAKT may be undervalued based on its PEG ratio of 0.21x
You can access more valuation research on DAKT's stock here.
DAKT Financial Overview
Pros:
- DAKT earnings of $63.22M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the DAKT balance sheet.
- DAKT's operating cash flow of $78.30M allows it to safely service it's debt of $49.97M.
- DAKT profit margin has gone up from -2.2% to 6.6% in the past year.
- There are more short-term assets than short-term liabilities on the DAKT balance sheet.
Cons:
- Total DAKT debt is higher than 5 years ago, relative to shareholder equity.
- DAKT has a relatively high debt to equity ratio of 1.11.
You can dig deeper into what analysts are forecasting on the Daktronics stock forecast page.
DAKT Technicals
Is DAKT Making Money?
Last year, DAKT earnings were $53.50M. During the last 5 year, DAKT's earnings have gone up by 52.9% per year. This was faster than the Electronic Components industry average of 13.64%.
Last year, DAKT revenue was $812.07M. Over the last five year, DAKT's revenue has gone up by 6.96% per year. This was faster than the Electronic Components industry average of 6.2%.
Find out more about DAKT's earnings and revenue performance here.
What are DAKT insiders up to?
In the past 12 months, executives and large shareholders at DAKT have sold more shares than they have bought.
Bradley T. Wiemann, Exec Vice President of DAKT, was the latest DAKT insider to sell. They sold $9,357.00 worth of DAKT stock on Oct 16, 2023.
Get more info about who owns DAKT stock here.
Does DAKT stock generate passive income?
No, Daktronics doesn't provide an income stream by paying out dividends.
What do other traders have to say about DAKT?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your DAKT purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open button and your broker will place the order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your DAKT position
Now that you own some DAKT stock, you'll want to keep up with your company.
Create a watchlist to keep tabs on your DAKT stock.
DAKT Feed
How to Buy Stock in Daktronics
To reiterate, here are the 6 steps to buy Daktronics stock:
- Choose where to buy Daktronics stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Evaluate Daktronics stock
- Make your DAKT purchase
- Keep tabs on your DAKT position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Daktronics, create a watchlist today.
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