DraftKings Inc (NASDAQ:DKNG) has a beta value of 1.64 and has seen 10.16 million shares traded in the last trading session. The company, currently valued at $38.07B, closed the last trade at $42.81 per share which meant it gained $1.35 on the day or 3.26% during that session. The DKNG stock price is -25.23% off its 52-week high price of $53.61 and 32.98% above the 52-week low of $28.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.49 million shares traded. The 3-month trading volume is 10.78 million shares.
The consensus among analysts is that DraftKings Inc (DKNG) is Buy stock at the moment, with a recommendation rating of 1.33. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 37 have rated it as a Hold, with 26 advising it as a Buy. 0 have rated the stock as Underweight.
DraftKings Inc (NASDAQ:DKNG) trade information
Sporting 3.26% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the DKNG stock price touched $42.81 or saw a rise of 0.95%. Year-to-date, DraftKings Inc shares have moved -0.44%, while the 5-day performance has seen it change 13.07%. Over the past 30 days, the shares of DraftKings Inc (NASDAQ:DKNG) have changed 22.77%. Short interest in the company has seen 26.98 million shares shorted with days to cover at 2.6.
Wall Street analysts have a consensus price target for the stock at $59, which means that the shares’ value could jump 27.44% from current levels. The projected low price target is $46.0 while the price target rests at a high of $65.0. In that case, then, we find that the current price level is -51.83% off the targeted high while a plunge would see the stock gain -7.45% from current levels.
DraftKings Inc (DKNG) estimates and forecasts
The company’s shares have gained 10.48% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.36% over the past 5 years.
DKNG Dividends
DraftKings Inc is expected to release its next earnings report on 2025-May-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
DraftKings Inc (NASDAQ:DKNG)’s Major holders
Insiders own 2.46% of the company shares, while shares held by institutions stand at 84.36% with a share float percentage of 86.48%. Investors are also buoyed by the number of investors in a company, with DraftKings Inc having a total of 1054.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 40.82 million shares worth more than $1.56 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.5154% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 30.84 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.18 billion and represent 6.4338% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and JANUS INVESTMENT FUND-Janus Henderson Forty Fund . As of Mar 31, 2025 , the former fund manager holds about 2.96% shares in the company for having 14.68 shares of worth $628.66 million while later fund manager owns 11.7 shares of worth $500.75 million as of Mar 31, 2025 , which makes it owner of about 2.36% of company’s outstanding stock.
