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After finishing at $38.25 in the prior trading day, DraftKings Inc. (NASDAQ: DKNG) closed at $37.67, down -1.52%. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 6.85 million shares were traded. DKNG stock price reached its highest trading level at $38.23 during the session, while it also had its lowest trading level at $37.562.
Ratios:
Our goal is to gain a better understanding of DKNG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 114.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 1.03.
On September 04, 2024, UBS reiterated its Buy rating and also lowered its target price recommendation from $56 to $58.
Susquehanna reiterated its Positive rating for the stock on September 04, 2024, while the target price for the stock was revised from $47 to $48.
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 Sep 25 ’24 when Liberman Paul sold 643,654 shares for $41.24 per share. The transaction valued at 26,545,315 led to the insider holds 137,308 shares of the business.
Liberman Paul bought 643,654 shares of DKNG for $26,396,251 on Sep 25 ’24. On Aug 26 ’24, another insider, Liberman Paul, who serves as the insider of the company, sold 88,441 shares for $35.64 each. As a result, the insider received 3,151,845 and left with 2,498,483 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 18289913856 and an Enterprise Value of 18818781184. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 14.08. Its current Enterprise Value per Revenue stands at 4.376 whereas that against EBITDA is -75.399.
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 $25.73. The 50-Day Moving Average of the stock is 5.38%, while the 200-Day Moving Average is calculated to be -3.88%.
Shares Statistics:
The stock has traded on average 9.05M shares per day over the past 3-months and 9304640 shares per day over the last 10 days, according to various share statistics. A total of 472.70M shares are outstanding, with a floating share count of 467.00M. Insiders hold about 3.82% of the company’s shares, while institutions hold 72.34% stake in the company. Shares short for DKNG as of 1726185600 were 25797636 with a Short Ratio of 2.85, compared to 1723680000 on 21659372. Therefore, it implies a Short% of Shares Outstanding of 25797636 and a Short% of Float of 5.45.
