DraftKings Inc (NASDAQ: DKNG) is 21.52% 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 $44.47 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $44.56, the stock is 3.80% and 13.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.77 million and changing 0.20% at the moment leaves the stock 13.76% off its SMA200. DKNG registered 19.78% gain for a year compared to 6-month gain of 13.41%. The firm has a 50-day simple moving average (SMA 50) of $39.1812 and a 200-day simple moving average (SMA200) of $39.17045.
The stock witnessed a 10.00% loss in the last 1 month and extending the period to 3 months gives it a 37.36%, and is 1.74% 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 3.28% over the week and 3.51% over the month.
DraftKings Inc (DKNG) has around 5100 employees, a market worth around $39.63B and $5.00B in sales. Fwd P/E is 33.09. Profit margin for the company is -7.97%. Distance from 52-week low is 55.32% and -16.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.33%).
with sales reaching $1.41B over the same period.The EPS is expected to grow by 130.63% this year, but quarterly earnings will post 32.21% year-over-year. Quarterly sales are estimated to grow 27.81% in year-over-year returns.
DraftKings Inc (DKNG) Top Institutional Holders
1055.0 institutions hold shares in DraftKings Inc (DKNG), with institutional investors hold 86.36% of the company’s shares. The shares outstanding are 496.34M, and float is at 477.73M with Short Float at 6.10%. Institutions hold 84.24% 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 105,554 shares of the company’s common stock on Jul 18 ’25 at a price of $43.53 per share for a total of $4.59 million. Following the sale, the insider now owns 0.5 million shares.
Still, SEC filings show that on Jun 18 ’25, Dodge R Stanton (Chief Legal Officer) disposed off 158,331 shares at an average price of $39.00 for $6.17 million. The insider now directly holds 504,381 shares of DraftKings Inc (DKNG).
