The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, DraftKings Inc’s stock clocked out at $46.45, up 2.22% from its previous closing price of $45.44. In other words, the price has increased by $2.22 from its previous closing price. On the day, 21.35 million shares were traded.
Ratios:
To gain a deeper understanding of DKNG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 263.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 1.24.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 12 ’25 when Robins Jason bought 200,000 shares for $45.00 per share.
Liberman Paul sold 200,000 shares of DKNG for $7,800,000 on Jan 10 ’25. The insider now owns 1,342,722 shares after completing the transaction at $39.00 per share. On Dec 26 ’24, another insider, Liberman Paul, who serves as the insider of the company, sold 532,095 shares for $38.30 each. As a result, the insider received 20,379,238 and left with 68,654 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.88 while its Price-to-Book (P/B) ratio in mrq is 21.03.
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 $28.69. The 50-Day Moving Average of the stock is 13.74%, while the 200-Day Moving Average is calculated to be 19.40%.
Shares Statistics:
A total of 487.17M shares are outstanding, with a floating share count of 470.00M. Insiders hold about 3.62% of the company’s shares, while institutions hold 78.07% stake in the company.
