DraftKings Inc. (NASDAQ:DKNG) has a beta value of 1.83 and has seen 8.56 million shares traded in the recent trading session. The company, currently valued at $15.38B, closed the last trade at $31.68 per share which meant it gained $0.24 on the day or 0.76% during that session. The DKNG stock price is -56.47% off its 52-week high price of $49.57 and 19.79% above the 52-week low of $25.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.52 million shares traded. The 3-month trading volume is 10.10 million shares.
The consensus among analysts is that DraftKings Inc. (DKNG) is Buy stock at the moment, with a recommendation rating of 1.46. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 37 have rated it as a Hold, with 26 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.41.
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DraftKings Inc. (NASDAQ:DKNG) trade information
Sporting 0.76% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DKNG stock price touched $31.68 or saw a rise of 5.4%. Year-to-date, DraftKings Inc. shares have moved -10.13%, while the 5-day performance has seen it change 5.11%. Over the past 30 days, the shares of DraftKings Inc. (NASDAQ:DKNG) have changed -20.42%. Short interest in the company has seen 19.76 million shares shorted with days to cover at 2.76.
Wall Street analysts have a consensus price target for the stock at $49, which means that the shares’ value could jump 35.35% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $105.0. In that case, then, we find that the latest price level in today’s session is -231.44% off the targeted high while a plunge would see the stock lose 52.65% from the levels at last check today.
DraftKings Inc. (DKNG) estimates and forecasts
Figures show that DraftKings Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -25.79% over the past 6 months, with this year growth rate of 82.66%, compared to 8.30% for the industry. Revenue growth from the last financial year stood is estimated to be 40.30%.
27 analysts offering their estimates for the company have set an average revenue estimate of 1.11B for the current quarter. 27 have an estimated revenue figure of 1.75B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.37% over the past 5 years.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
Insiders own 2.40% of the company shares, while shares held by institutions stand at 75.18% with a share float percentage of 77.02%. Investors are also buoyed by the number of investors in a company, with DraftKings Inc. having a total of 1031.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 40.01 million shares worth more than $1.82 billion. As of 2024-03-31, VANGUARD GROUP INC held 8.4373% of shares outstanding.
The other major institutional holder is WELLINGTON MANAGEMENT GROUP LLP, with the holding of over 23.13 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.05 billion and represent 4.8768% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 2.77% shares in the company for having 13.44 shares of worth $430.45 million while later fund manager owns 10.88 shares of worth $348.39 million as of Mar 31, 2024, which makes it owner of about 2.24% of company’s outstanding stock.
