Financial Analysis: DraftKings Inc. (DKNG)’s Ratios Unveil Key Insights

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As of close of business last night, DraftKings Inc.’s stock clocked out at $37.07, down -0.99% from its previous closing price of $37.44. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 5.84 million shares were traded. DKNG stock price reached its highest trading level at $38.24 during the session, while it also had its lowest trading level at $36.99.

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 14.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 159.67. 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:

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 Jun 25 ’24 when Liberman Paul sold 668,890 shares for $38.83 per share. The transaction valued at 25,972,124 led to the insider holds 205,962 shares of the business.

SLOAN HARRY sold 250,000 shares of DKNG for $9,537,500 on Jun 14 ’24. The Director now owns 250,000 shares after completing the transaction at $38.15 per share. On Jun 06 ’24, another insider, Moore Jocelyn, who serves as the Director of the company, sold 1,403 shares for $36.66 each. As a result, the insider received 51,434 and left with 5,411 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 17964937216 and an Enterprise Value of 17805561856. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.41 while its Price-to-Book (P/B) ratio in mrq is 21.24. Its current Enterprise Value per Revenue stands at 4.374 whereas that against EBITDA is -56.279.

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 $24.97. The 50-Day Moving Average of the stock is -8.26%, while the 200-Day Moving Average is calculated to be -2.55%.

Shares Statistics:

It appears that DKNG traded 10.48M shares on average per day over the past three months and 10170020 shares per day over the past ten days. A total of 472.70M shares are outstanding, with a floating share count of 465.30M. Insiders hold about 3.99% of the company’s shares, while institutions hold 70.79% stake in the company. Shares short for DKNG as of 1718323200 were 20251633 with a Short Ratio of 1.93, compared to 1715731200 on 16756134. Therefore, it implies a Short% of Shares Outstanding of 20251633 and a Short% of Float of 4.29.

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