DraftKings Inc. (NASDAQ: DKNG) is 27.49% higher on its value in year-to-date trading and has touched a low of $19.10 and a high of $49.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DKNG stock was last observed hovering at around $43.72 in the last trading session, with the day’s gains setting it 1.22%.
Currently trading at $44.94, the stock is -1.43% and 2.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.58 million and changing 2.79% at the moment leaves the stock 28.38% off its SMA200. DKNG registered 134.55% gain for a year compared to 6-month gain of 57.41%.
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The stock witnessed a 7.56% loss in the last 1 month and extending the period to 3 months gives it a 33.51%, and is -1.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.65% over the week and 4.18% over the month.
DraftKings Inc. (DKNG) has around 4400 employees, a market worth around $21.28B and $3.67B in sales. Fwd P/E is 58.99. Profit margin for the company is -21.88%. Distance from 52-week low is 135.29% and -9.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.88%).
The EPS is expected to grow by 90.44% this year.
DraftKings Inc. (DKNG) Top Institutional Holders
The shares outstanding are 472.70M, and float is at 453.16M with Short Float at 4.49%.
DraftKings Inc. (DKNG) Insider Activity
The most recent transaction is an insider sale by Robins Jason. SEC filings show that Robins Jason sold 200,000 shares of the company’s common stock on Feb 21 ’24 at a price of $40.89 per share for a total of $8.18 million. Following the sale, the insider now owns 3.2 million shares.
DraftKings Inc. disclosed in a document filed with the SEC on Feb 08 ’24 that Dodge R Stanton (Chief Legal Officer) sold a total of 686,101 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $43.06 per share for $29.54 million. Following the transaction, the insider now directly holds 0.2 million shares of the DKNG stock.
Still, SEC filings show that on Feb 08 ’24, Robins Jason () disposed off 450,000 shares at an average price of $43.06 for $19.38 million. The insider now directly holds 3,373,637 shares of DraftKings Inc. (DKNG).
