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The closing price of DraftKings Inc (NASDAQ: DKNG) was $43.55 for the day, down -0.57% from the previous closing price of $43.80. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 6.1 million shares were traded. DKNG stock price reached its highest trading level at $44.48 during the session, while it also had its lowest trading level at $43.42.
Ratios:
Our analysis of DKNG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 246.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 1.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on October 18, 2024, Reiterated its Outperform rating but revised its target price to $62 from $54 previously.
On October 07, 2024, Susquehanna reiterated its Positive rating and also lowered its target price recommendation from $48 to $50.
Exane BNP Paribas Upgraded its Underperform to Neutral on September 10, 2024, while the target price for the stock was maintained at $35.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 21 ’24 when Jason Robins – Robins Family L bought 3,151 shares for $43.71 per share.
Matthew Kalish bought 785,000 shares of DKNG for $32,875,800 on Nov 14 ’24. On Oct 25 ’24, another insider, Liberman Paul, who serves as the insider of the company, sold 88,441 shares for $36.41 each. As a result, the insider received 3,220,250 and left with 1,923,483 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DKNG now has a Market Capitalization of 21236199424 and an Enterprise Value of 21701163008. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.33 while its Price-to-Book (P/B) ratio in mrq is 19.72. Its current Enterprise Value per Revenue stands at 4.712 whereas that against EBITDA is -113.557.
Stock Price History:
Over the past 52 weeks, DKNG has reached a high of $49.57, while it has fallen to a 52-week low of $28.69. The 50-Day Moving Average of the stock is 12.20%, while the 200-Day Moving Average is calculated to be 10.04%.
Shares Statistics:
DKNG traded an average of 8.89M shares per day over the past three months and 14016480 shares per day over the past ten days. A total of 472.70M shares are outstanding, with a floating share count of 469.54M. Insiders hold about 3.71% of the company’s shares, while institutions hold 76.18% stake in the company. Shares short for DKNG as of 1730332800 were 24404910 with a Short Ratio of 2.74, compared to 1727654400 on 24684653. Therefore, it implies a Short% of Shares Outstanding of 24404910 and a Short% of Float of 5.140000000000001.
