In recent trading session, DraftKings Inc. (NASDAQ:DKNG) saw 2.89 million shares changing hands at last check today with its beta currently measuring 1.86. Company’s recent per share price level of $47.72 trading at -$0.23 or -0.48% at last check today assigns it a market valuation of $22.60B. That most recent trading price of DKNG’s stock is at a discount of -2.47% from its 52-week high price of $48.90 and is indicating a premium of 64.12% from its 52-week low price of $17.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.2 million shares which gives us an average trading volume of 11.84 million if we extend that period to 3-months.
DraftKings Inc. (NASDAQ:DKNG) trade information
Upright in the red during last session for losing -0.48%, in the last five days DKNG remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $47.72 price level, adding 2.41% to its value on the day. DraftKings Inc.’s shares saw a change of 35.38% in year-to-date performance and have moved 14.22% in past 5-day. DraftKings Inc. (NASDAQ:DKNG) showed a performance of 16.85% in past 30-days. Number of shares sold short was 16.7 million shares which calculate 1.21 days to cover the short interests.
DraftKings Inc. (DKNG) estimates and forecasts
Statistics highlight that DraftKings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 66.21% of value to its shares in past 6 months, showing an annual growth rate of 86.13% while that of industry is 11.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 66.70% in the current quarter and calculating 117.60% increase in the next quarter. This year revenue growth is estimated to rise 31.00% from the last financial year’s standing.
23 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.11 billion for the same. And 23 analysts are in estimates of company making revenue of $1.09 billion in the next quarter that will end on Jun 2024. Company posted $769.65 million and $759.55 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 44.70% while estimating it to be 43.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -22.37% during past 5 years.
DKNG Dividends
DraftKings Inc. is more likely to be releasing its next quarterly report between May 02 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
Insiders are in possession of 4.90% of company’s total shares while institution are holding 69.82 percent of that, with stock having share float percentage of 73.41%. Investors also watch the number of corporate investors in a company very closely, which is 69.82% institutions for DraftKings Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at DKNG for having 39.26 million shares of worth $1.89 billion. And as of Dec 30, 2023, it was holding 8.29% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 21.24 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 4.49% of outstanding shares, having a total worth of $1.02 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 13.22 million shares of worth $634.96 million or 2.79% of the total outstanding shares. The later fund manager was in possession of 10.68 million shares on Dec 30, 2023, making its stake of worth around $513.21 million in the company or a holder of 2.26% of company’s stock.
