DraftKings Inc (NASDAQ: DKNG) is 12.23% 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 $41.39 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $41.75, the stock is 3.32% and 2.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.23 million and changing 0.87% at the moment leaves the stock 7.54% off its SMA200. DKNG registered 2.71% gain for a year compared to 6-month gain of 30.39%. The firm has a 50-day simple moving average (SMA 50) of $40.8304 and a 200-day simple moving average (SMA200) of $38.82665.
The stock witnessed a 15.05% loss in the last 1 month and extending the period to 3 months gives it a 18.20%, and is -0.60% 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 3.35% over the week and 3.78% over the month.
DraftKings Inc (DKNG) has around 4400 employees, a market worth around $36.77B and $4.61B in sales. Fwd P/E is 74.63. Profit margin for the company is -9.06%. Distance from 52-week low is 45.52% and -15.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.32%).
The EPS is expected to grow by 47.79% this year.
DraftKings Inc (DKNG) Top Institutional Holders
984.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 80.36% of the company’s shares. The shares outstanding are 487.17M, and float is at 470.07M with Short Float at 4.79%. Institutions hold 78.37% 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 Liberman Paul. SEC filings show that Liberman Paul sold 200,000 shares of the company’s common stock on Jan 10 ’25 at a price of $39.00 per share for a total of $7.8 million. Following the sale, the insider now owns 1.34 million shares.
DraftKings Inc disclosed in a document filed with the SEC on Dec 26 ’24 that Liberman Paulsold a total of 532,095 shares of the company’s common stock. The trade occurred on Dec 26 ’24 and was made at $38.30 per share for $20.38 million. Following the transaction, the insider now directly holds 68654.0 shares of the DKNG stock.
Still, SEC filings show that on Dec 26 ’24, Liberman Paul (Officer) Proposed Sale 732,095 shares at an average price of $38.17 for $27.94 million. The insider now directly holds shares of DraftKings Inc (DKNG).
