DraftKings Inc (NASDAQ: DKNG) is -7.74% 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 $33.73 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $34.32, the stock is -4.14% and -1.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.97 million and changing 1.75% at the moment leaves the stock -10.91% off its SMA200. DKNG registered -4.19% loss for a year compared to 6-month loss of -20.24%. The firm has a 50-day simple moving average (SMA 50) of $34.9906 and a 200-day simple moving average (SMA200) of $38.51085.
The stock witnessed a 0.20% gain in the last 1 month and extending the period to 3 months gives it a -16.90%, and is -3.46% 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 3.81% over the week and 2.63% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $30.52B and $5.00B in sales. Fwd P/E is 23.90. Profit margin for the company is -7.97%. Distance from 52-week low is 19.62% and -35.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.33%).
The EPS is expected to grow by 133.42% this year.
DraftKings Inc (DKNG) Top Institutional Holders
1054.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 86.52% of the company’s shares. The shares outstanding are 496.34M, and float is at 477.84M with Short Float at 5.21%. Institutions hold 84.41% 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’sChief Legal Officer. SEC filings show that Dodge R Stanton sold 52,777 shares of the company’s common stock on Jun 02 ’25 at a price of $33.49 per share for a total of $1.77 million. Following the sale, the insider now owns 0.52 million shares.
DraftKings Inc disclosed in a document filed with the SEC on May 30 ’25 that Moore Jocelyn (Director) sold a total of 3,136 shares of the company’s common stock. The trade occurred on May 30 ’25 and was made at $35.28 per share for $0.11 million. Following the transaction, the insider now directly holds 5947.0 shares of the DKNG stock.
Still, SEC filings show that on Jun 02 ’25, Dodge R Stanton (Officer) Proposed Sale 52,777 shares at an average price of $34.09 for $1.8 million. The insider now directly holds shares of DraftKings Inc (DKNG).
