In last trading session, DraftKings Inc. (NASDAQ:DKNG) saw 7.54 million shares changing hands with its beta currently measuring 1.80. Company’s recent per share price level of $38.46 trading at $0.81 or 2.15% at ring of the bell on the day assigns it a market valuation of $18.67B. That closing price of DKNG’s stock is at a discount of -28.89% from its 52-week high price of $49.57 and is indicating a premium of 33.1% from its 52-week low price of $25.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.95 million shares which gives us an average trading volume of 8.95 million if we extend that period to 3-months.
For DraftKings Inc. (DKNG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.42. Splitting up the data highlights that, out of 37 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 26 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.42 in the current quarter.
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DraftKings Inc. (NASDAQ:DKNG) trade information
Upright in the green during last session for gaining 2.15%, in the last five days DKNG remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $38.46 price level, adding 2.26% to its value on the day. DraftKings Inc.’s shares saw a change of 9.11% in year-to-date performance and have moved 0.05% in past 5-day. DraftKings Inc. (NASDAQ:DKNG) showed a performance of -2.06% in past 30-days. Number of shares sold short was 24.68 million shares which calculate 2.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 48 to the stock, which implies a rise of 19.88% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 105. It follows that stock’s current price would jump 61.0% in reaching the projected high whereas dropping to the targeted low would mean a gain of 61.0% for stock’s current value.
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 lost -5.46% of value to its shares in past 6 months, showing an annual growth rate of 82.08% while that of industry is 7.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 40.30% from the last financial year’s standing.
28 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.11B for the same. And 27 analysts are in estimates of company making revenue of 1.76B in 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.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
Insiders are in possession of 2.42% of company’s total shares while institution are holding 73.23 percent of that, with stock having share float percentage of 75.05%. Investors also watch the number of corporate investors in a company very closely, which is 73.23% institutions for DraftKings Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at DKNG for having 40.82 million shares of worth $1.56 billion. And as of 2024-06-30, it was holding 8.6066 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 30.84 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5027 of outstanding shares, having a total worth of $1.18 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 Jun 30, 2024 , the former fund manager was holding 13.78 shares of worth $529.94 million or 2.84% of the total outstanding shares. The later fund manager was in possession of 10.95 shares on Jun 30, 2024 , making its stake of worth around $421.18 million in the company or a holder of 2.26% of company’s stock.
