In the latest trading session, 1.2 million DraftKings Inc (NASDAQ:DKNG) shares changed hands as the company’s beta touched 2.10. With the company’s most recent per share price at $37.36 changed hands at -$1.37 or -3.54% at last look, the market valuation stands at $32.99B. DKNG’s current price is a discount, trading about -43.5% off its 52-week high of $53.61. The share price had its 52-week low at $28.69, which suggests the last value was 23.21% up since then. When we look at DraftKings Inc’s average trading volume, we note the 10-day average is 12.11 million shares, with the 3-month average coming to 10.23 million.
Analysts gave the DraftKings Inc (DKNG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.41. 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 0.18.
DraftKings Inc (NASDAQ:DKNG) trade information
Instantly DKNG was in red as seen in intraday trades today. With action -3.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 0.43%, with the 5-day performance at -3.36% in the red. However, in the 30-day time frame, DraftKings Inc (NASDAQ:DKNG) is -30.16% down. Looking at the short shares, we see there were 23.79 million shares sold at short interest cover period of 1.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 56.5, meaning bulls need an upside of 33.88% from its recent market value. According to analyst projections, DKNG’s forecast low is 33 with 65 as the target high. To hit the forecast high, the stock’s price needs a -73.98% plunge from its current level, while the stock would need to tank 11.67% for it to hit the projected low.
DraftKings Inc (DKNG) estimates and forecasts
Year-over-year growth is forecast to reach 35.54% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 1.55B. 24 analysts are of the opinion that DraftKings Inc’s revenue for the current quarter will be 1.44B. The company’s revenue for the corresponding quarters a year ago was 1.17B and 1.1B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 32.26%. The estimates for the next quarter sales put growth at 30.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.36%. The 2025 estimates are for DraftKings Inc earnings to increase by 150.22%.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.79% of DraftKings Inc shares while 81.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.94%. There are 81.60% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 14.53 shares estimated at $540.72 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.41% of the shares, roughly 11.8 shares worth around $439.05 million.
