DraftKings Inc (NASDAQ: DKNG) is -9.17% 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 $34.18 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $33.79, the stock is 0.46% and -12.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.41 million and changing -1.14% at the moment leaves the stock -12.20% off its SMA200. DKNG registered -18.01% loss for a year compared to 6-month gain of -10.30%. The firm has a 50-day simple moving average (SMA 50) of $38.5628 and a 200-day simple moving average (SMA200) of $38.485.
The stock witnessed a -10.32% loss in the last 1 month and extending the period to 3 months gives it a -18.26%, and is 0.54% 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 4.00% over the week and 6.12% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $30.17B and $4.77B in sales. Fwd P/E is 22.08. Profit margin for the company is -10.64%. Distance from 52-week low is 17.78% and -36.97% 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 145.45% this year.
DraftKings Inc (DKNG) Top Institutional Holders
1010.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 82.04% of the company’s shares. The shares outstanding are 489.07M, and float is at 480.51M with Short Float at 5.06%. Institutions hold 80.04% 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 8.5154% 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 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 Apr 21 ’25 at a price of $32.28 per share for a total of $1.7 million. Following the sale, the insider now owns 0.6 million shares.
Still, SEC filings show that on Mar 25 ’25, Liberman Paul disposed off 643,654 shares at an average price of $38.95 for $25.07 million. The insider now directly holds 0 shares of DraftKings Inc (DKNG).
