DraftKings Inc (NASDAQ: DKNG) is 36.51% higher on its value in year-to-date trading and has touched a low of $28.69 and a high of $53.61 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 $51.49 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $50.78, the stock is 15.73% and 22.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.65 million and changing -1.38% at the moment leaves the stock 30.03% off its SMA200. DKNG registered 14.22% gain for a year compared to 6-month gain of 48.74%.
The stock witnessed a 29.24% loss in the last 1 month and extending the period to 3 months gives it a 23.43%, and is 16.90% 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 6.64% over the week and 4.04% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $44.84B and $4.77B in sales. Fwd P/E is 32.45. Profit margin for the company is -10.64%. Distance from 52-week low is 77.00% and -5.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.73%).
The EPS is expected to grow by 152.09% this year
The shares outstanding are 489.07M, and float is at 472.05M with Short Float at 4.69%.
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 2.049 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 Robins Jason,. SEC filings show that Robins Jason sold 200,000 shares of the company’s common stock on Feb 12 ’25 at a price of $45.00 per share for a total of $9.0 million. Following the sale, the insider now owns 2.68 million shares.
Still, SEC filings show that on Jan 10 ’25, Liberman Paul disposed off 200,000 shares at an average price of $39.00 for $7.8 million. The insider now directly holds 1,342,722 shares of DraftKings Inc (DKNG).
