Shares of Daktronics (NASDAQ: DAKT) surged 5.49% in pre-market trading on Friday, continuing its impressive run that has seen the stock gain 26% over the past month and 80% over the last year. The latest jump comes as investors remain bullish on the company's growth prospects and attractive valuation.

Daktronics, a provider of electronic scoreboards and display systems, has been attracting attention due to its promising financial outlook. Analysts project a 14% revenue growth for the company in the coming year, aligning with the overall industry growth rate of 13%. This positive forecast, coupled with the company's recent strong performance, appears to be fueling investor confidence.

Adding to the stock's appeal is its relatively low price-to-sales (P/S) ratio of 1.4x, which is considered attractive compared to the broader Electronic industry in the United States. Many companies in the sector trade at P/S ratios above 2.4x, with some even exceeding 6x. This valuation discrepancy suggests that Daktronics may still have room for further price appreciation, potentially driving continued investor interest in the stock.