The closing price of DraftKings Inc. (NASDAQ: DKNG) was $38.68 for the day, up 0.81% from the previous closing price of $38.37. In other words, the price has increased by $+0.31 from its previous closing price. On the day, 11009741 shares were traded. DKNG stock price reached its highest trading level at $39.06 during the session, while it also had its lowest trading level at $38.24.
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 1.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.66.
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 08 when Robins Jason sold 500,000 shares for $35.83 per share. The transaction valued at 17,915,000 led to the insider holds 3,531,898 shares of the business.
Dodge R Stanton sold 105,554 shares of DKNG for $3,780,944 on Nov 08. The Chief Legal Officer now owns 652,984 shares after completing the transaction at $35.82 per share. On Nov 06, another insider, Kalish Matthew, who serves as the insider of the company, sold 105,660 shares for $34.26 each. As a result, the insider received 3,619,912 and left with 2,820,182 shares of the company.
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 17.89B and an Enterprise Value of 18.12B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.48 while its Price-to-Book (P/B) ratio in mrq is 22.49. Its current Enterprise Value per Revenue stands at 5.51 whereas that against EBITDA is -21.08.
Stock Price History:
Over the past 52 weeks, DKNG has reached a high of $38.72, while it has fallen to a 52-week low of $10.69. The 50-Day Moving Average of the stock is 30.51, while the 200-Day Moving Average is calculated to be 25.48.
DKNG traded an average of 12.29M shares per day over the past three months and 17.52M shares per day over the past ten days. A total of 450.57M shares are outstanding, with a floating share count of 445.41M. Insiders hold about 4.47% of the company’s shares, while institutions hold 63.04% stake in the company. Shares short for DKNG as of Oct 30, 2023 were 24.15M with a Short Ratio of 24.15M, compared to 23.72M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.18% and a Short% of Float of 5.47%.
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.03, while EPS last year was -$0.53. The consensus estimate for the next quarter is -$0.34, with high estimates of -$0.21 and low estimates of -$0.47.
Analysts are recommending an EPS of between -$1.31 and -$1.56 for the fiscal current year, implying an average EPS of -$1.45. EPS for the following year is -$0.27, with 22 analysts recommending between $0.21 and -$0.65.
It is expected that $90B in revenue will be generated in the current quarter, according to 24 analysts. It ranges from a high estimate of $1.35B to a low estimate of $1.24B. As of the current estimate, DraftKings Inc.’s year-ago sales were $855.13M, an estimated increase of 49.10% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $1.03B, an increase of 34.00% less than the figure of $49.10% in the same quarter last year. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $886.7M.
A total of 28 analysts have provided revenue estimates for DKNG’s current fiscal year. The highest revenue estimate was $3.79B, while the lowest revenue estimate was $3.67B, resulting in an average revenue estimate of $3.71B. In the same quarter a year ago, actual revenue was $2.24B, up 65.50% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $4.69B in the next fiscal year. The high estimate is $4.79B and the low estimate is $4.6B. The average revenue growth estimate for next year is up 26.60% from the average revenue estimate for this year.