2 Undervalued Tech Stocks To Scoop Up Now

The company’s operating expenses decreased more than 28% year-over-year to $24.18 million for its fiscal 2021 third quarter, ended January 30, 2021. This can be attributed primarily to DAKT’s focus on managing its expenses to expected order volumes and lower personnel-related costs. Its operating loss was  $236,000 versus  $9.15 million for the third quarter of fiscal 2020. Also,  its net loss came in at $214,000, compared to net loss of $12.73 million for the year-ago period.

In terms of forward enterprise value/sales, DAKT is currently trading at 0.45x, 89.3% lower than the industry average of 4.21x. In terms of forward price/sales, DAKT is currently trading at 0.62x, nearly 84% lower than the industry average of 3.87x.

A consensus EPS estimate of $0.26 for fiscal 2021 represents an improvement of 2500% year-over-year. Moreover, DAKT surpassed the consensus EPS estimates in each of the trailing four quarters. The consensus revenue estimate of $543.09 million for fiscal 2022 represents a 10% rise on a year-over-year basis.

In January, the company partnered with The Phoenix Suns basketball team to manufacture and install an 18-display LED super system totaling 55.1 million LEDs and included a new center-hung configuration. In December, DAKT announced that the main video display in the Kauffman Stadium will feature the company’s new LED video installation during the baseball match. The stock has gained 60.7% over the past six months and closed yesterday’s trading session at $6.83.

DAKT’s POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.

The stock has an A grade for Value and a B grade for Sentiment, Momentum, and Quality. We have also graded DAKT for Stability and Growth. Click here to access all DAKT’s ratings.

DAKT is ranked #4 of 54 stocks in the B-rated Technology – Communication/Networking industry.

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