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After finishing at $36.73 in the prior trading day, DraftKings Inc. (NASDAQ: DKNG) closed at $35.87, down -2.34%. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 7.57 million shares were traded. DKNG stock price reached its highest trading level at $37.01 during the session, while it also had its lowest trading level at $35.3.
Ratios:
Our goal is to gain a better understanding of DKNG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 154.50. 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, Oppenheimer on July 01, 2024, Reiterated its Outperform rating but revised its target price to $58 from $60 previously.
On May 06, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $58 to $60.
On April 16, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $60.Goldman initiated its Buy rating on April 16, 2024, with a $60 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 15 ’24 when Liberman Paul sold 63,206 shares for $39.00 per share. The transaction valued at 2,465,034 led to the insider holds 1,716,406 shares of the business.
Liberman Paul sold 668,890 shares of DKNG for $25,972,124 on Jun 25 ’24. The insider now owns 205,962 shares after completing the transaction at $38.83 per share. On Jun 14 ’24, another insider, SLOAN HARRY, who serves as the Director of the company, sold 250,000 shares for $38.15 each. As a result, the insider received 9,537,500 and left with 250,000 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 17800163328 and an Enterprise Value of 17234094080. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.27 while its Price-to-Book (P/B) ratio in mrq is 20.55. Its current Enterprise Value per Revenue stands at 4.234 whereas that against EBITDA is -54.473.
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 $25.41. The 50-Day Moving Average of the stock is -6.87%, while the 200-Day Moving Average is calculated to be -7.40%.
Shares Statistics:
The stock has traded on average 9.85M shares per day over the past 3-months and 6706860 shares per day over the last 10 days, according to various share statistics. A total of 472.70M shares are outstanding, with a floating share count of 465.70M. Insiders hold about 3.91% of the company’s shares, while institutions hold 70.06% stake in the company. Shares short for DKNG as of 1721001600 were 20424001 with a Short Ratio of 2.07, compared to 1718323200 on 20251633. Therefore, it implies a Short% of Shares Outstanding of 20424001 and a Short% of Float of 4.33.
