DraftKings Inc (NASDAQ: DKNG) is -0.78% lower 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 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 $38.73 in the last trading session, with the day’s loss setting it -1.82%.
Currently trading at $36.91, the stock is -11.42% and -11.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.76 million and changing -4.70% at the moment leaves the stock -5.17% off its SMA200. DKNG registered -12.35% loss for a year compared to 6-month gain of -2.35%. The firm has a 50-day simple moving average (SMA 50) of $41.7814 and a 200-day simple moving average (SMA200) of $38.9203.
The stock witnessed a -31.00% loss in the last 1 month and extending the period to 3 months gives it a -11.00%, and is -4.53% 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 5.17% over the week and 5.96% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $32.59B and $4.77B in sales. Fwd P/E is 24.35. Profit margin for the company is -10.64%. Distance from 52-week low is 28.65% and -31.15% 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 150.22% this year, but quarterly earnings will post 35.54% year-over-year. Quarterly sales are estimated to grow 32.26% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
1019.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 83.94% of the company’s shares. The shares outstanding are 489.07M, and float is at 470.15M with Short Float at 5.06%. Institutions hold 81.60% 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 4.8358% 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 Dodge R Stanton, the company’s Chief Legal Officer. SEC filings show that Dodge R Stanton sold 52,777 shares of the company’s common stock on Mar 17 ’25 at a price of $39.00 per share for a total of $2.06 million. Following the sale, the insider now owns 0.65 million shares.
DraftKings Inc disclosed in a document filed with the SEC on Mar 14 ’25 that Dodge R Stanton (Chief Legal Officer) sold a total of 52,777 shares of the company’s common stock. The trade occurred on Mar 14 ’25 and was made at $37.62 per share for $1.99 million. Following the transaction, the insider now directly holds 0.71 million shares of the DKNG stock.
Still, SEC filings show that on Mar 17 ’25, Dodge R Stanton (Officer) Proposed Sale 52,777 shares at an average price of $39.00 for $2.06 million. The insider now directly holds shares of DraftKings Inc (DKNG).
