DraftKings Inc (NASDAQ:DKNG)’s traded shares stood at 1.54 million during the latest session, with the company’s beta value hitting 2.10. At the last check today, the stock’s price was $38.45, to imply an increase of 0.03% or $0.01 in intraday trading. The DKNG share’s 52-week high remains $53.61, putting it -39.43% down since that peak but still an impressive 25.38% since price per share fell to its 52-week low of $28.69. The company has a valuation of $33.95B, with an average of 10.93 million shares in intraday trading volume over the past 10 days and average of 10.12 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for DraftKings Inc (DKNG), translating to a mean rating of 1.42. Of 37 analyst(s) looking at the stock, 3 analyst(s) give DKNG a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 26 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.21.
DraftKings Inc (NASDAQ:DKNG) trade information
After registering a 0.03% upside in the latest session, DraftKings Inc (DKNG) has traded red over the past five days. The 5-day price performance for the stock is 1.53%, and -22.23% over 30 days. With these gigs, the year-to-date price performance is 3.36%. Short interest in DraftKings Inc (NASDAQ:DKNG) saw shorts transact 23.79 million shares and set a 1.98 days time to cover.
The extremes give us $33 and $65 for target low and target high price respectively. As such, DKNG has been trading -69.05% off suggested target high and 14.17% from its likely low.
DraftKings Inc (DKNG) estimates and forecasts
The rating firms project that company’s revenue will grow 35.43% compared to the previous financial year.
Revenue forecast for the current quarter as set by 23 analysts is 1.55B. Meanwhile, for the current quarter, a total of 23 analyst(s) estimate revenue growth to 1.44B.Earnings reports from the last fiscal year show that sales brought in 1.17B and 1.1B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 31.65% before jumping 30.43% in the following quarter.
DKNG Dividends
DraftKings Inc has its next earnings report out on 2025-Feb-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
DraftKings Inc insiders hold 2.79% of total outstanding shares, with institutional holders owning 81.67% of the shares at 84.01% float percentage. In total, 81.67% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 40.82 million shares (or 8.6066% of shares), all amounting to roughly $1.56 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 30.84 million shares, or about 6.5027% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.18 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the DraftKings Inc (DKNG) shares. Going by data provided on Dec 31, 2024, Vanguard Total Stock Market Index Fund holds roughly 14.53 shares. This is just over 2.97% of the total shares, with a market valuation of $557.94 million. Data from the same date shows that the other fund manager holds a little less at 11.8, or 2.41% of the shares, all valued at about 453.03 million.
