DraftKings Inc (NASDAQ: DKNG) is 15.52% higher on its value in year-to-date trading and has touched a low of $28.69 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 $39.24 in the last trading session, with the day’s gains setting it 1.48%.
Currently trading at $40.72, the stock is -4.78% and 1.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.9 million and changing 3.77% at the moment leaves the stock 2.90% off its SMA200. DKNG registered 15.19% gain for a year compared to 6-month loss of -5.85%. The firm has a 50-day simple moving average (SMA 50) of $39.9908 and a 200-day simple moving average (SMA200) of $39.59365.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 2.21% gain in the last 1 month and extending the period to 3 months gives it a 6.96%, and is -2.35% 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 4.14% over the week and 3.50% over the month.
DraftKings Inc (DKNG) has around 4400 employees, a market worth around $35.86B and $4.61B in sales. Fwd P/E is 75.31. Profit margin for the company is -9.06%. Distance from 52-week low is 41.93% and -17.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.32%).
with sales reaching $1.54B over the same period.The EPS is expected to grow by 55.95% this year, but quarterly earnings will post 34.02% year-over-year. Quarterly sales are estimated to grow 24.97% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
984.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 79.01% of the company’s shares. The shares outstanding are 487.17M, and float is at 469.43M with Short Float at 4.18%. Institutions hold 77.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 40.82 million shares valued at $1.56 billion. The investor’s holdings represent 8.6066% of the DKNG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 30.84 million shares valued at $1.18 billion to account for 6.5027 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 23.18 million shares representing 4.8876% and valued at over $884.71 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 2.071 of the shares totaling 9.82 million with a market value of $374.88 million.
DraftKings Inc (DKNG) Insider Activity
The most recent transaction is an insider sale by Dodge R Stanton, the company’s Chief Legal Officer. SEC filings show that Dodge R Stanton sold 228,496 shares of the company’s common stock on Dec 09 ’24 at a price of $42.74 per share for a total of $9.77 million. Following the sale, the insider now owns 0.54 million shares.
Still, SEC filings show that on Dec 09 ’24, Dodge R Stanton (Officer) Proposed Sale 228,496 shares at an average price of $42.74 for $9.77 million. The insider now directly holds shares of DraftKings Inc (DKNG).
