In the last trading session, 11.85 million DraftKings Inc. (NASDAQ:DKNG) shares changed hands as the company’s beta touched 1.80. With the company’s per share price at $37.16 changed hands at -$1.3 or -3.38% during last session, the market valuation stood at $18.04B. DKNG’s last price was a discount, traded about -33.4% off its 52-week high of $49.57. The share price had its 52-week low at $25.73, which suggests the last value was 30.76% up since then. When we look at DraftKings Inc.’s average trading volume, we note the 10-day average is 7.4 million shares, with the 3-month average coming to 8.94 million.
Analysts gave the DraftKings Inc. (DKNG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 3 out of 37 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended DKNG as a Hold, 26 felt it is a Buy and 0 rated the stock as Underweight. DraftKings Inc.’s EPS for the current quarter is expected to be -0.42.
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DraftKings Inc. (NASDAQ:DKNG) trade information
Instantly DKNG was in red as seen at the end of in last trading. With action -2.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.42%, with the 5-day performance at -2.03% in the red. However, in the 30-day time frame, DraftKings Inc. (NASDAQ:DKNG) is -5.40% down. Looking at the short shares, we see there were 24.68 million shares sold at short interest cover period of 2.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 48, meaning bulls need an upside of 22.58% from its current market value. According to analyst projections, DKNG’s forecast low is 15 with 105 as the target high. To hit the forecast high, the stock’s price needs a -182.56% plunge from its current level, while the stock would need to tank 59.63% for it to hit the projected low.
DraftKings Inc. (DKNG) estimates and forecasts
Data shows that the DraftKings Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.36% over the past 6 months, a 82.08% in annual growth rate that is considerably higher than the industry average of 7.20%. Year-over-year growth is forecast to reach 40.30% up from the last financial year.
Consensus estimates given by 28 financial analysts project the company’s revenue in the current quarter to hit an average of 1.11B. 27 analysts are of the opinion that DraftKings Inc.’s revenue for the current quarter will be 1.76B. The estimates for the next quarter sales put growth at 42.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.37%. The 2024 estimates are for DraftKings Inc. earnings to increase by 83.71%.
DKNG Dividends
DraftKings Inc. is expected to release its next quarterly earnings report on 2024-Nov-07.
DraftKings Inc. (NASDAQ:DKNG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.42% of DraftKings Inc. shares while 73.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.07%. There are 73.26% institutions holding the DraftKings Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.6066% of the shares, roughly 40.82 million DKNG shares worth $1.56 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.5027% or 30.84 million shares worth $1.18 billion as of 2024-06-30.
