DraftKings Inc. (NASDAQ: DKNG) is -1.28% lower on its value in year-to-date trading and has touched a low of $25.73 and a high of $49.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DKNG stock was last observed hovering at around $34.41 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $34.80, the stock is 3.41% and -4.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.57 million and changing 1.13% at the moment leaves the stock -10.93% off its SMA200. DKNG registered 30.97% gain for a year compared to 6-month loss of -15.78%.
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The stock witnessed a -5.54% gain in the last 1 month and extending the period to 3 months gives it a -22.18%, and is 10.69% up 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 4.61% over the week and 5.10% over the month.
DraftKings Inc. (DKNG) has around 4400 employees, a market worth around $16.90B and $4.30B in sales. Fwd P/E is 49.58. Profit margin for the company is -9.45%. Distance from 52-week low is 35.25% and -29.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.45%).
The EPS is expected to grow by 83.95% this year.
DraftKings Inc. (DKNG) Top Institutional Holders
1022.0 institutions hold shares in DraftKings Inc. (DKNG), with institutional investors hold 75.14% of the company’s shares. The shares outstanding are 472.70M, and float is at 466.79M with Short Float at 4.23%. Institutions hold 73.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 40.01 million shares valued at $1.82 billion. The investor’s holdings represent 8.4373 of the DKNG Shares outstanding. As of 2024-03-31, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 23.13 million shares valued at $1.05 billion to account for 4.8768 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 21.33 million shares representing 4.4982 and valued at over $968.66 million, while ARK INVESTMENT MANAGEMENT LLC holds 1.8376 of the shares totaling 8.71 million with a market value of $395.72 million.
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 Aug 08 ’24 at a price of $30.72 per share for a total of $6.14 million. Following the sale, the insider now owns 2.7 million shares.
Still, SEC filings show that on Jul 15 ’24, Liberman Paul () disposed off 63,206 shares at an average price of $39.00 for $2.47 million. The insider now directly holds 1,716,406 shares of DraftKings Inc. (DKNG).
