Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, DraftKings Inc (NASDAQ: DKNG) closed at $44.27 down -2.85% from its previous closing price of $45.57. In other words, the price has decreased by -$2.85 from its previous closing price. On the day, 11.8 million shares were traded.
Ratios:
For a deeper understanding of DraftKings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 95.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.31.
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, Susquehanna on January 08, 2025, Reiterated its Positive rating but revised its target price to $54 from $56 previously.
On October 18, 2024, Mizuho reiterated its Outperform rating and also lowered its target price recommendation from $54 to $62.
Susquehanna reiterated its Positive rating for the stock on October 07, 2024, while the target price for the stock was revised from $48 to $50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 21 ’25 when Kalish Matthew sold 587,585 shares for $47.05 per share. The transaction valued at 27,645,609 led to the insider holds 4,118,927 shares of the business.
Dodge R Stanton sold 164,473 shares of DKNG for $7,738,381 on Feb 21 ’25. The Chief Legal Officer now owns 748,623 shares after completing the transaction at $47.05 per share. On Feb 24 ’25, another insider, Liberman Paul, who serves as the Officer of the company, bought 567,196 shares for $44.93 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.20 while its Price-to-Book (P/B) ratio in mrq is 21.42.
Stock Price History:
Over the past 52 weeks, DKNG has reached a high of $53.61, while it has fallen to a 52-week low of $28.69. The 50-Day Moving Average of the stock is 6.79%, while the 200-Day Moving Average is calculated to be 13.21%.
Shares Statistics:
A total of 489.07M shares are outstanding, with a floating share count of 472.22M. Insiders hold about 3.62% of the company’s shares, while institutions hold 80.61% stake in the company.
