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DraftKings Inc (NASDAQ: DKNG) closed the day trading at $37.92 down -1.40% from the previous closing price of $38.46. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 4.36 million shares were traded. DKNG stock price reached its highest trading level at $38.5 during the session, while it also had its lowest trading level at $37.535.
Ratios:
For a better understanding of DKNG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 211.76. 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, Mizuho on October 18, 2024, Reiterated its Outperform rating but revised its target price to $62 from $54 previously.
On October 07, 2024, Susquehanna reiterated its Positive rating and also lowered its target price recommendation from $48 to $50.
Exane BNP Paribas Upgraded its Underperform to Neutral on September 10, 2024, while the target price for the stock was maintained at $35.
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 Dec 26 ’24 when Liberman Paul sold 532,095 shares for $38.30 per share. The transaction valued at 20,379,238 led to the insider holds 68,654 shares of the business.
Liberman Paul bought 732,095 shares of DKNG for $27,944,066 on Dec 26 ’24. On Dec 09 ’24, another insider, Dodge R Stanton, who serves as the Chief Legal Officer of the company, sold 228,496 shares for $42.74 each. As a result, the insider received 9,765,919 and left with 541,884 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 18490853376 and an Enterprise Value of 18955816960. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.15 while its Price-to-Book (P/B) ratio in mrq is 17.17. Its current Enterprise Value per Revenue stands at 4.116 whereas that against EBITDA is -99.191.
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 -5.61%, while the 200-Day Moving Average is calculated to be -3.90%.
Shares Statistics:
Over the past 3-months, DKNG traded about 8.42M shares per day on average, while over the past 10 days, DKNG traded about 8410250 shares per day. A total of 487.17M shares are outstanding, with a floating share count of 469.43M. Insiders hold about 3.73% of the company’s shares, while institutions hold 76.18% stake in the company. Shares short for DKNG as of 1734048000 were 18812484 with a Short Ratio of 2.23, compared to 1731628800 on 22556335. Therefore, it implies a Short% of Shares Outstanding of 18812484 and a Short% of Float of 3.9600000000000004.
