DAKTRONICS INC (NASDAQ:DAKT) is a candidate for growth investors. Here's why.

In this article we will dive into DAKTRONICS INC (NASDAQ:DAKT) as a possible candidate for growth investing. Investors should always do their own research, but we noticed DAKTRONICS INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why NASDAQ:DAKT may be interesting for canslim investors.

• In the most recent financial report, DAKTRONICS INC reported a 575.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• DAKTRONICS INC has achieved 35.26% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• Over the past 3 years, DAKTRONICS INC has demonstrated 34.71% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• DAKTRONICS INC has achieved an impressive Return on Equity (ROE) of 14.17%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of DAKTRONICS INC has consistently been strong, with a current 99.16 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. DAKTRONICS INC demonstrates promising potential for sustained price momentum.
• DAKTRONICS INC exhibits a favorable Debt-to-Equity ratio at 0.19. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• DAKTRONICS INC exhibits a favorable ownership structure, with an institutional shareholder ownership of 46.99%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, DAKT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAKT is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, DAKT did better than 99% of all other stocks.
• DAKT is part of the Electronic Equipment, Instruments & Components industry. There are 126 other stocks in this industry. DAKT outperforms 99% of them.
• DAKT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DAKT is performing more or less in line with the market.
• Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
• In the last month DAKT has a been trading in the 7.44 - 9.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of DAKT contains the most current technical analsysis.

How does the complete fundamental picture look for NASDAQ:DAKT?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, DAKT scores 6 out of 10 in our fundamental rating. DAKT was compared to 126 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of DAKT get a neutral evaluation. Nothing too spectacular is happening here. DAKT is growing strongly while it also seems undervalued. This is an interesting combination These ratings would make DAKT suitable for value and growth investing!

Our latest full fundamental report of DAKT contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.