In today’s recent session, 2.45 million shares of the DraftKings Inc (NASDAQ:DKNG) have been traded, and its beta is 2.09. Most recently the company’s share price was $43.05, and it changed around $1.75 or 4.24% from the last close, which brings the market valuation of the company to $38.01B. DKNG at last check was trading at a discount to its 52-week high of $53.61, offering almost -24.53% off that amount. The share price’s 52-week low was $28.69, which indicates that the recent value has risen by an impressive 33.36% since then.
DraftKings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.41. If we narrow it down even further, the data shows that 0 out of 36 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 5 recommended DKNG as a Hold, whereas 22 deemed it a Buy, and 0 rated it as Underweight. DraftKings Inc is expected to report earnings per share of 0.18 for the current quarter.
DraftKings Inc (NASDAQ:DKNG) trade information
Instantly DKNG has been showing a green trend so far today with a performance of 4.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 44.48 on recent trading dayincreased the stock’s daily price by 3.21%. The company’s shares are currently up 15.73% year-to-date, but still down -0.71% over the last five days. On the other hand, DraftKings Inc (NASDAQ:DKNG) is 4.01% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $54, which translates to bulls needing to increase their stock price by 20.28% from its current value. Analyst projections state that DKNG is forecast to be at a low of $33 and a high of $65.
DraftKings Inc (DKNG) estimates and forecasts
The year-over-year growth rate is expected to be 35.54%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 1.55B in revenue for the current quarter. 24 analysts expect DraftKings Inc to make 1.44B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.17B and 1.1B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32.26%. Forecasts for the next quarter put sales growth at 30.40%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.36%.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
BLACKROCK INC., with 6.5027% or 30.84 million shares worth $1.18 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 14.64 shares worth $632.13 million, making up 2.99% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 11.55 shares worth around $498.7 million, which represents about 2.36% of the total shares outstanding.
