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.
As of close of business last night, DraftKings Inc’s stock clocked out at $40.10, down -7.62% from its previous closing price of $43.41. In other words, the price has decreased by -$7.62 from its previous closing price. On the day, 10.63 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 44.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 86.87. 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:
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 Mar 06 ’25 when Moore Jocelyn bought 3,420 shares for $42.00 per share.
Kalish Matthew sold 210,000 shares of DKNG for $9,097,836 on Mar 03 ’25. The insider now owns 4,138,049 shares after completing the transaction at $43.32 per share. On Mar 04 ’25, another insider, Kalish Matthew, who serves as the insider of the company, sold 210,000 shares for $40.61 each. As a result, the insider received 8,527,790 and left with 4,140,509 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 7.43 while its Price-to-Book (P/B) ratio in mrq is 19.41.
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 -4.01%, while the 200-Day Moving Average is calculated to be 2.72%.
Shares Statistics:
A total of 489.07M shares are outstanding, with a floating share count of 470.14M. Insiders hold about 4.04% of the company’s shares, while institutions hold 80.59% stake in the company.
Earnings Estimates
The stock of DraftKings Inc (DKNG) is currently drawing attention from 8.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.44, with high estimates of $0.55 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.73 and $0.5 for the fiscal current year, implying an average EPS of $1.29. EPS for the following year is $2.21, with 12.0 analysts recommending between $2.78 and $1.48.
Revenue Estimates
In the current quarter, 24 analysts expect revenue to total $1.55B. It ranges from a high estimate of $1.7B to a low estimate of $1.43B. As of the current estimate, DraftKings Inc’s year-ago sales were $1.17BFor the next quarter, 24 analysts are estimating revenue of $1.44B. There is a high estimate of $1.52B for the next quarter, whereas the lowest estimate is $1.27B.
A total of 31 analysts have provided revenue estimates for DKNG’s current fiscal year. The highest revenue estimate was $6.59B, while the lowest revenue estimate was $6.34B, resulting in an average revenue estimate of $6.46B. In the same quarter a year ago, actual revenue was $4.77BBased on 31 analysts’ estimates, the company’s revenue will be $7.62B in the next fiscal year. The high estimate is $8.4B and the low estimate is $7.04B.
