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The price of DraftKings Inc. (NASDAQ: DKNG) closed at $35.92 in the last session, up 3.22% from day before closing price of $34.80. In other words, the price has increased by $3.22 from its previous closing price. On the day, 8.8 million shares were traded. DKNG stock price reached its highest trading level at $35.95 during the session, while it also had its lowest trading level at $34.71.
Ratios:
We take a closer look at DKNG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 109.17. 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.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 21 ’24 when Robins Jason bought 200,000 shares for $34.80 per share.
Robins Jason sold 200,000 shares of DKNG for $6,144,000 on Aug 08 ’24. The insider now owns 2,699,815 shares after completing the transaction at $30.72 per share. On Aug 08 ’24, another insider, Robins Jason, who serves as the Officer of the company, bought 200,000 shares for $30.46 each.
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 17440235520 and an Enterprise Value of 17969102848. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.06 while its Price-to-Book (P/B) ratio in mrq is 13.43. Its current Enterprise Value per Revenue stands at 4.179 whereas that against EBITDA is -71.994.
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 -1.58%, while the 200-Day Moving Average is calculated to be -8.15%.
Shares Statistics:
According to the various share statistics, DKNG traded on average about 10.53M shares per day over the past 3-months and 10829730 shares per day over the past 10 days. A total of 472.70M shares are outstanding, with a floating share count of 466.79M. Insiders hold about 3.86% of the company’s shares, while institutions hold 72.51% stake in the company. Shares short for DKNG as of 1722384000 were 19756686 with a Short Ratio of 1.88, compared to 1719532800 on 23319613. Therefore, it implies a Short% of Shares Outstanding of 19756686 and a Short% of Float of 4.18.
