During the last session, DraftKings Inc (NASDAQ:DKNG)’s traded shares were 5.43 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $35.02, reflecting an intraday loss of -1.49% or -$0.53. The 52-week high for the DKNG share is $53.61, that puts it down -53.08 from that peak though still a striking 18.08% gain since the share price plummeted to a 52-week low of $28.69. The company’s market capitalization is $31.14B, and the average trade volume was 10.98 million shares over the past three months.
DraftKings Inc (DKNG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.37. DKNG has a Sell rating from 3 analyst(s) out of 37 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 26 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.32.
DraftKings Inc (NASDAQ:DKNG) trade information
DraftKings Inc (DKNG) registered a -1.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.49% in intraday trading to $35.02, hitting a weekly high. The stock’s 5-day price performance is -2.91%, and it has moved by 5.23% in 30 days. Based on these gigs, the overall price performance for the year is -13.74%.
The consensus price target of analysts on Wall Street is $59, which implies an increase of 40.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $65 respectively. As a result, DKNG is trading at a discount of -85.61% off the target high and -42.78% off the low.
DraftKings Inc (DKNG) estimates and forecasts
In the rating firms’ projections, revenue will increase 32.29% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.39B as predicted by 23 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to 1.4B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.1B and 1.1B respectively. In this case, analysts expect current quarter sales to grow by 25.68% and then jump by 27.95% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.36%. While earnings are projected to return 134.64% in 2025.
DKNG Dividends
DraftKings Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
The next largest institutional holding, with 30.84 million shares, is of BLACKROCK INC.’s that is approximately 6.4338% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.18 billion.
Also, the Mutual Funds coming in first place with the largest holdings of DraftKings Inc (DKNG) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 14.53 shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $508.9 million market value. The same data shows that the other fund manager holds slightly less at 11.8, or about 2.38% of the stock, which is worth about $413.21 million.
