DraftKings Inc (NASDAQ: DKNG) is -8.25% 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 $34.25 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $34.13, the stock is 1.29% and -6.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.36 million and changing -0.35% at the moment leaves the stock -10.99% off its SMA200. DKNG registered -18.39% loss for a year compared to 6-month loss of -7.43%.
The stock witnessed a 5.34% gain in the last 1 month and extending the period to 3 months gives it a -17.54%, and is 2.55% 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 2.88% over the week and 5.70% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $30.48B and $4.77B in sales. Fwd P/E is 22.35. Profit margin for the company is -10.64%. Distance from 52-week low is 18.96% and -36.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.73%).
with sales reaching $1.43B over the same period.The EPS is expected to grow by 145.46% this year, but quarterly earnings will post 33.60% year-over-year. Quarterly sales are estimated to grow 22.01% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
The shares outstanding are 489.07M, and float is at 480.57M with Short Float at 5.06%.
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 May 05 ’25 at a price of $34.04 per share for a total of $1.8 million. Following the sale, the insider now owns 0.55 million shares.
Still, SEC filings show that on Apr 21 ’25, Dodge R Stanton (Chief Legal Officer) disposed off 52,777 shares at an average price of $32.28 for $1.7 million. The insider now directly holds 601,520 shares of DraftKings Inc (DKNG).
