In the last trading session, 13.39 million shares of the DraftKings Inc (NASDAQ:DKNG) were traded, and its beta was 2.09. Most recently the company’s share price was $38.95, and it changed around -$1.57 or -3.87% from the last close, which brings the market valuation of the company to $34.39B. DKNG currently trades at a discount to its 52-week high of $53.61, offering almost -37.64% off that amount. The share price’s 52-week low was $28.69, which indicates that the current value has risen by an impressive 26.34% since then. We note from DraftKings Inc’s average daily trading volume that its 10-day average is 9.02 million shares, with the 3-month average coming to 10.22 million.
DraftKings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.42. 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 0.21 for the current quarter.
DraftKings Inc (NASDAQ:DKNG) trade information
Instantly DKNG has showed a red trend with a performance of -3.87% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 40.99 on recent trading dayincreased the stock’s daily price by 4.98%. The company’s shares are currently up 4.70% year-to-date, but still up 5.53% over the last five days. On the other hand, DraftKings Inc (NASDAQ:DKNG) is -12.02% down in the 30-day period. We can see from the shorts that 23.73 million shares have been sold at a short interest cover period of 1.61 day(s).
The consensus price target as assigned by Wall Street analysts is $56.5, which translates to bulls needing to increase their stock price by 31.06% 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 35.43%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of 1.55B in revenue for the current quarter. 23 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 31.65%. Forecasts for the next quarter put sales growth at 30.43%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.36%.
DKNG Dividends
DraftKings Inc’s next quarterly earnings report is expected to be released on 2025-Feb-12.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.79% of DraftKings Inc shares, and 81.67% of them are in the hands of institutional investors. The stock currently has a share float of 84.01%. DraftKings Inc stock is held by 1022.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.6066% of the shares, which is about 40.82 million shares worth $1.56 billion.
BLACKROCK INC., with 6.4338% 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 Dec 31, 2024 . The former held 14.53 shares worth $566.01 million, making up 2.97% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 11.8 shares worth around $459.58 million, which represents about 2.41% of the total shares outstanding.
