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DraftKings Inc. (DKNG) Analysis & Opinions from Experts

DraftKings Inc. (NASDAQ: DKNG) is 23.06% higher on its value in year-to-date trading and has touched a low of $22.92 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 $44.72 in the last trading session, with the day’s loss setting it -1.34%.

Currently trading at $43.38, the stock is 0.63% and -1.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.54 million and changing -3.00% at the moment leaves the stock 18.35% off its SMA200. DKNG registered 79.93% gain for a year compared to 6-month gain of 13.06%.

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The stock witnessed a 6.98% loss in the last 1 month and extending the period to 3 months gives it a 6.45%, and is -1.70% 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 2.74% over the week and 3.96% over the month.

DraftKings Inc. (DKNG) has around 4400 employees, a market worth around $20.66B and $4.07B in sales. Fwd P/E is 51.84. Profit margin for the company is -13.45%. Distance from 52-week low is 89.27% and -12.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.30%).

The EPS is expected to grow by 91.87% this year.

DraftKings Inc. (DKNG) Top Institutional Holders

The shares outstanding are 472.70M, and float is at 456.68M with Short Float at 4.10%.

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 May 08 ’24 at a price of $42.67 per share for a total of $8.53 million. Following the sale, the insider now owns 2.85 million shares.

DraftKings Inc. disclosed in a document filed with the SEC on Apr 22 ’24 that Robins Jasonsold a total of 200,000 shares of the company’s common stock. The trade occurred on Apr 22 ’24 and was made at $40.91 per share for $8.18 million. Following the transaction, the insider now directly holds 3.04 million shares of the DKNG stock.

Still, SEC filings show that on Feb 21 ’24, Robins Jason () disposed off 200,000 shares at an average price of $40.89 for $8.18 million. The insider now directly holds 3,195,812 shares of DraftKings Inc. (DKNG).

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