DraftKings Inc (NASDAQ: DKNG) is 14.27% 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 $44.27 in the last trading session, with the day’s loss setting it -1.76%.
Currently trading at $42.51, the stock is -4.94% and 2.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.55 million and changing -3.98% at the moment leaves the stock 8.72% off its SMA200. DKNG registered 4.09% gain for a year compared to 6-month gain of 20.60%.
The stock witnessed a 2.83% loss in the last 1 month and extending the period to 3 months gives it a -2.95%, and is -17.44% 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 5.89% over the week and 4.62% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $37.54B and $4.77B in sales. Fwd P/E is 28.04. Profit margin for the company is -10.64%. Distance from 52-week low is 48.17% and -20.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.73%).
with sales reaching $1.55B over the same period.The EPS is expected to grow by 150.24% this year, but quarterly earnings will post 35.60% year-over-year. Quarterly sales are estimated to grow 32.27% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
The shares outstanding are 489.07M, and float is at 472.22M 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 666,651 shares of the company’s common stock on Feb 25 ’25 at a price of $42.42 per share for a total of $28.28 million. Following the sale, the insider now owns 3.34 million shares.
DraftKings Inc disclosed in a document filed with the SEC on Feb 24 ’25 that Liberman Paulsold a total of 567,196 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $44.92 per share for $25.48 million. Following the transaction, the insider now directly holds 0.67 million shares of the DKNG stock.
Still, SEC filings show that on Feb 25 ’25, Ellingson Alan Wayne (Officer) Proposed Sale 158,661 shares at an average price of $42.42 for $6.73 million. The insider now directly holds shares of DraftKings Inc (DKNG).
