DraftKings Inc (NASDAQ:DKNG)’s traded shares stood at 14.25 million during the last session, with the company’s beta value hitting 1.70. At the close of trading, the stock’s price was $41.32, to imply a decrease of -1.60% or -$0.67 in intraday trading. The DKNG share’s 52-week high remains $53.61, putting it -29.74% down since that peak but still an impressive 30.57% since price per share fell to its 52-week low of $28.69. The company has a valuation of $36.75B, with an average of 10.68 million shares in intraday trading volume over the past 10 days and average of 10.71 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 1.32. 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 0.36.
DraftKings Inc (NASDAQ:DKNG) trade information
After registering a -1.60% downside in the last session, DraftKings Inc (DKNG) has traded red over the past five days. The 5-day price performance for the stock is -3.32%, and 22.50% over 30 days. With these gigs, the year-to-date price performance is 8.25%. Short interest in DraftKings Inc (NASDAQ:DKNG) saw shorts transact 25.64 million shares and set a 2.67 days time to cover.
The extremes give us $46 and $65 for target low and target high price respectively. As such, DKNG has been trading -57.31% off suggested target high and -11.33% from its likely low.
DraftKings Inc (DKNG) estimates and forecasts
The rating firms project that company’s revenue will grow 32.07% compared to the previous financial year.
Revenue forecast for the current quarter as set by 25 analysts is 1.39B. Meanwhile, for the current quarter, a total of 25 analyst(s) estimate revenue growth to 1.4B.Earnings reports from the last fiscal year show that sales brought in 1.1B and 1.1B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.02% before jumping 27.53% in the following quarter.
DKNG Dividends
DraftKings Inc has its next earnings report out on 2025-May-08. 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 2.46% of total outstanding shares, with institutional holders owning 84.20% of the shares at 86.32% float percentage. In total, 84.20% 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 8.5154% 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 6.4338% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.18 billion.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and JANUS INVESTMENT FUND-Janus Henderson Forty Fund as the top two Mutual Funds with the largest holdings of the DraftKings Inc (DKNG) shares. Going by data provided on Mar 31, 2025 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 14.68 shares. This is just over 2.96% of the total shares, with a market valuation of $606.78 million. Data from the same date shows that the other fund manager holds a little less at 11.7, or 2.36% of the shares, all valued at about 483.32 million.
