DraftKings Inc (NASDAQ: DKNG) is 1.29% 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 $37.93 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $37.68, the stock is 9.92% and 5.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.31 million and changing -0.66% at the moment leaves the stock -1.68% off its SMA200. DKNG registered -14.42% loss for a year compared to 6-month loss of -3.34%.
The stock witnessed a 10.11% gain in the last 1 month and extending the period to 3 months gives it a -13.26%, and is 12.21% 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 4.19% over the week and 3.78% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $33.65B and $5.00B in sales. Fwd P/E is 26.14. Profit margin for the company is -7.97%. Distance from 52-week low is 31.33% and -29.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.33%).
with sales reaching $1.39B over the same period.The EPS is expected to grow by 135.18% this year, but quarterly earnings will post 32.49% year-over-year. Quarterly sales are estimated to grow 25.70% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
The shares outstanding are 496.34M, and float is at 481.20M with Short Float at 5.78%.
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 Kalish Matthew. SEC filings show that Kalish Matthew sold 210,000 shares of the company’s common stock on May 12 ’25 at a price of $37.86 per share for a total of $7.95 million. Following the sale, the insider now owns 4.16 million shares.
DraftKings Inc disclosed in a document filed with the SEC on May 13 ’25 that Kalish Matthewsold a total of 210,000 shares of the company’s common stock. The trade occurred on May 13 ’25 and was made at $37.83 per share for $7.94 million. Following the transaction, the insider now directly holds 4.16 million shares of the DKNG stock.
Still, SEC filings show that on May 13 ’25, Robins Jason (Officer, Director) Proposed Sale 306,997 shares at an average price of $38.00 for $11.67 million. The insider now directly holds shares of DraftKings Inc (DKNG).
