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The closing price of DraftKings Inc. (NASDAQ: DKNG) was $42.21 for the day, down -6.07% from the previous closing price of $44.94. In other words, the price has decreased by -$6.07 from its previous closing price. On the day, 13.36 million shares were traded. DKNG stock price reached its highest trading level at $45.69 during the session, while it also had its lowest trading level at $42.12.
Ratios:
Our analysis of DKNG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 1.60 whereas as Long-Term Debt/Eq ratio is at 1.59.
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, Goldman on April 16, 2024, initiated with a Buy rating and assigned the stock a target price of $60.
On March 27, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $54 to $58.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $58.Mizuho initiated its Buy rating on March 26, 2024, with a $58 target price.
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 Feb 21 ’24 when Robins Jason sold 200,000 shares for $40.89 per share. The transaction valued at 8,178,308 led to the insider holds 3,195,812 shares of the business.
Dodge R Stanton sold 686,101 shares of DKNG for $29,543,509 on Feb 08 ’24. The Chief Legal Officer now owns 200,239 shares after completing the transaction at $43.06 per share. On Feb 08 ’24, another insider, Robins Jason, who serves as the insider of the company, sold 450,000 shares for $43.06 each. As a result, the insider received 19,377,000 and left with 3,373,637 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 20078325760 and an Enterprise Value of 20067063808. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.45 while its Price-to-Book (P/B) ratio in mrq is 23.74. Its current Enterprise Value per Revenue stands at 5.475 whereas that against EBITDA is -34.347.
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 $19.10. The 50-Day Moving Average of the stock is -3.51%, while the 200-Day Moving Average is calculated to be 20.26%.
Shares Statistics:
DKNG traded an average of 12.17M shares per day over the past three months and 9766720 shares per day over the past ten days. A total of 472.70M shares are outstanding, with a floating share count of 453.16M. Insiders hold about 4.32% of the company’s shares, while institutions hold 67.86% stake in the company. Shares short for DKNG as of 1711584000 were 20368362 with a Short Ratio of 1.67, compared to 1709164800 on 16700330. Therefore, it implies a Short% of Shares Outstanding of 20368362 and a Short% of Float of 4.3999999999999995.
Earnings Estimates
The stock of DraftKings Inc. (DKNG) is currently in the spotlight, with DraftKings Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $3,443.91, with high estimates of $51.19 and low estimates of $3.13.
EPS for the following year is $Stocks, with Stocks analysts recommending between $ETF and $Stocks.
