During the recent session, DraftKings Inc. (NASDAQ:DKNG)’s traded shares were 1.94 million, with the beta value of the company hitting 1.87. At the last check today, the stock’s price was $42.35, reflecting an intraday gain of 3.07% or $1.26. The 52-week high for the DKNG share is $49.57, that puts it down -17.05 from that peak though still a striking 52.16% gain since the share price plummeted to a 52-week low of $20.26. The company’s market capitalization is $20.06B, and the average trade volume was 11.41 million shares over the past three months.
DraftKings Inc. (NASDAQ:DKNG) trade information
DraftKings Inc. (DKNG) registered a 3.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.07% in intraday trading to $42.35, hitting a weekly high. The stock’s 5-day price performance is 4.11%, and it has moved by -6.62% in 30 days. Based on these gigs, the overall price performance for the year is 107.50%.
DraftKings Inc. (DKNG) estimates and forecasts
Statistics show that DraftKings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. DraftKings Inc. (DKNG) shares have gone up 54.84% during the last six months, with a year-to-date growth rate more than the industry average at 86.13% against 8.20. In the rating firms’ projections, revenue will increase 31.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.12B as predicted by 25 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to 1.1B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 769.65M and 759.55M respectively. In this case, analysts expect current quarter sales to grow by 45.70% and then jump by 44.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -22.37%. While earnings are projected to return 90.78% in 2024.
DKNG Dividends
DraftKings Inc. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
