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In the latest session, DraftKings Inc. (NASDAQ: DKNG) closed at $37.56 up 2.45% from its previous closing price of $36.66. In other words, the price has increased by $2.45 from its previous closing price. On the day, 8.58 million shares were traded. DKNG stock price reached its highest trading level at $37.72 during the session, while it also had its lowest trading level at $36.25.
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 14.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 158.98. 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 1.62 whereas as Long-Term Debt/Eq ratio is at 1.60.
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, Needham on May 06, 2024, Reiterated its Buy rating but revised its target price to $60 from $58 previously.
On April 16, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $60.
Needham reiterated its Buy rating for the stock on March 27, 2024, while the target price for the stock was revised from $54 to $58.
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 May 21 ’24 when Robins Jason sold 200,000 shares for $43.59 per share. The transaction valued at 8,718,375 led to the insider holds 2,668,954 shares of the business.
Robins Jason sold 200,000 shares of DKNG for $8,534,000 on May 08 ’24. The insider now owns 2,849,215 shares after completing the transaction at $42.67 per share. On Apr 22 ’24, another insider, Robins Jason, who serves as the insider of the company, sold 200,000 shares for $40.91 each. As a result, the insider received 8,182,006 and left with 3,043,231 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 18168975360 and an Enterprise Value of 18048436224. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.39 while its Price-to-Book (P/B) ratio in mrq is 21.52. Its current Enterprise Value per Revenue stands at 4.434 whereas that against EBITDA is -57.047.
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 $24.16. The 50-Day Moving Average of the stock is -11.66%, while the 200-Day Moving Average is calculated to be 1.10%.
Shares Statistics:
For the past three months, DKNG has traded an average of 10.65M shares per day and 14626990 over the past ten days. A total of 472.70M shares are outstanding, with a floating share count of 456.87M. Insiders hold about 4.06% of the company’s shares, while institutions hold 71.97% stake in the company. Shares short for DKNG as of 1715731200 were 16756134 with a Short Ratio of 1.57, compared to 1713139200 on 19997202. Therefore, it implies a Short% of Shares Outstanding of 16756134 and a Short% of Float of 3.61.
