DraftKings Inc (NASDAQ: DKNG) is -14.27% 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 $32.88 in the last trading session, with the day’s loss setting it -0.99%.
Currently trading at $31.89, the stock is -12.00% and -21.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.18 million and changing -3.01% at the moment leaves the stock -17.65% off its SMA200. DKNG registered -32.44% loss for a year compared to 6-month loss of -18.81%. The firm has a 50-day simple moving average (SMA 50) of $40.6164 and a 200-day simple moving average (SMA200) of $38.72655.
The stock witnessed a -14.37% gain in the last 1 month and extending the period to 3 months gives it a -14.39%, and is -3.92% 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 9.40% over the week and 5.97% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $28.48B and $4.77B in sales. Fwd P/E is 20.96. Profit margin for the company is -10.64%. Distance from 52-week low is 11.15% and -40.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.73%).
with sales reaching $1.53B over the same period.The EPS is expected to grow by 148.74% this year, but quarterly earnings will post 35.10% year-over-year. Quarterly sales are estimated to grow 29.86% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
1013.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 82.24% of the company’s shares. The shares outstanding are 489.07M, and float is at 480.51M with Short Float at 4.94%. Institutions hold 80.00% 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 6.4338 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 Liberman Paul. SEC filings show that Liberman Paul sold 643,654 shares of the company’s common stock on Mar 25 ’25 at a price of $38.95 per share for a total of $25.07 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Mar 17 ’25, Dodge R Stanton (Chief Legal Officer) disposed off 52,777 shares at an average price of $39.00 for $2.06 million. The insider now directly holds 653,843 shares of DraftKings Inc (DKNG).
