Here's Why Daktronics (DAKT) is a Great Momentum Stock to Buy

Core Viewpoint - Daktronics (DAKT) is currently exhibiting strong momentum, with a Momentum Style Score of A, indicating potential for further price appreciation in the near term [2][6]. Group 1: Stock Performance - DAKT shares have increased by 6.51% over the past week, outperforming the Zacks Electronics - Miscellaneous Products industry, which rose by 2.17% during the same period [4]. - Over the last three months, DAKT shares have surged by 63.08%, and over the past year, they have gained 129.54%, significantly outperforming the S&P 500, which increased by 12.57% and 27.34% respectively [13]. Group 2: Earnings Estimates - In the past 60 days, DAKT's consensus earnings estimate has risen from $0.84 to $1.13, with one estimate moving higher and none lower for the full year [14]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [14]. Group 3: Trading Volume - DAKT's average 20-day trading volume is 818,267 shares, which serves as a useful baseline for assessing price movements [1].