DraftKings Inc (NASDAQ: DKNG) is -0.44% 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 $41.46 in the last trading session, with the day’s loss setting it -30.68%.
Currently trading at $10.78M, the stock is 15.55% and 19.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.16 million and changing 10161935% at the moment leaves the stock 10.49% off its SMA200. DKNG registered 15.08% gain for a year compared to 6-month loss of 10.48%. The firm has a 50-day simple moving average (SMA 50) of $35.71 and a 200-day simple moving average (SMA200) of $38.74585.
The stock witnessed a 22.77% gain in the last 1 month and extending the period to 3 months gives it a 5.65%, and is 13.07% 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 0.74% over the week and 2.88% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $38.07B and $5.00B in sales. Fwd P/E is 30.10. Profit margin for the company is -7.97%. Distance from 52-week low is 49.22% and -20.15% 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 131.81% this year.
DraftKings Inc (DKNG) Top Institutional Holders
1054.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 86.48% of the company’s shares. The shares outstanding are 496.34M, and float is at 477.80M with Short Float at 5.65%. Institutions hold 84.36% 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 158,331 shares of the company’s common stock on Jun 18 ’25 at a price of $39.00 per share for a total of $6.17 million. Following the sale, the insider now owns 0.5 million shares.
Still, SEC filings show that on Jun 02 ’25, Dodge R Stanton (Chief Legal Officer) disposed off 52,777 shares at an average price of $33.49 for $1.77 million. The insider now directly holds 516,563 shares of DraftKings Inc (DKNG).
