During the last session, DraftKings Inc. (NASDAQ:DKNG)’s traded shares were 15.34 million. At the end of the trading day, the stock’s price was $48.88, reflecting an intraday gain of 6.68% or $3.06. The 52-week high for the DKNG share is $74.38, that puts it down -52.17 from that peak though still a striking 37.58% gain since the share price plummeted to a 52-week low of $30.51. The company’s market capitalization is $20.07B, and the average intraday trading volume over the past 10 days was 10.23 million shares, and the average trade volume was 15.91 million shares over the past three months.
DraftKings Inc. (DKNG) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. DKNG has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.52.
DraftKings Inc. (NASDAQ:DKNG) trade information
DraftKings Inc. (DKNG) registered a 6.68% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.68% in intraday trading to $48.88 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 8.99%, and it has moved by -0.24% in 30 days. Based on these gigs, the overall price performance for the year is 30.17%. The short interest in DraftKings Inc. (NASDAQ:DKNG) is 24.78 million shares and it means that shorts have 1.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $69.73, which implies an increase of 29.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $42.50 and $105.00 respectively. As a result, DKNG is trading at a discount of -114.81% off the target high and 13.05% off the low.
DraftKings Inc. (DKNG) estimates and forecasts
Statistics show that DraftKings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. DraftKings Inc. (DKNG) shares have gone down -8.09% during the last six months, with a year-to-date growth rate less than the industry average at -2.17% against 29.20. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -30.00% this quarter and then jump 19.40% in the quarter after that. In the rating firms’ projections, revenue will increase 88.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $242.41 million as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to $223.55 million by the end of Sep 2021.
While earnings are projected to return -668.20% in 2021, the next five years will return 30.30% per annum.
DraftKings Inc. is due to release its next quarterly earnings on May 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
DraftKings Inc. insiders own 13.87% of total outstanding shares while institutional holders control 54.42%, with the float percentage being 63.19%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 787 institutions own stock in it. As of Dec 30, 2020, the company held over 23.51 million shares (or 5.91% of all shares), a total value of $1.09 billion in shares.
The next largest institutional holding, with 19.39 million shares, is of Price (T.Rowe) Associates Inc’s that is approximately 4.87% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $902.62 million.
Also, the Mutual Funds coming in first place with the largest holdings of DraftKings Inc. (DKNG) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 7.74 million shares. This amounts to just over 1.95 percent of the company’s overall shares, with a $360.49 million market value. The same data shows that the other fund manager holds slightly less at 6.2 million, or about 1.56% of the stock, which is worth about $288.47 million.