DraftKings Inc. [NASDAQ: DKNG] closed the trading session at $35.09.
The stocks have a year to date performance of -0.45 percent and weekly performance of 1.98 percent. The stock has been moved at -13.04 percent over the last six months. The stock has performed -3.33 percent around the most recent 30 days and changed -14.02 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 10.32M shares, DKNG reached to a volume of 7538410 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about DraftKings Inc. [DKNG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DKNG shares is $49.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DKNG stock is a recommendation set at 1.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for DraftKings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 01, 2024. While these analysts kept the previous recommendation, Needham raised their target price from $58 to $60. The new note on the price target was released on May 06, 2024, representing the official price target for DraftKings Inc. stock. Previously, the target price had yet another raise to $60, while Goldman analysts kept a Buy rating on DKNG stock. On March 27, 2024, analysts increased their price target for DKNG shares from 54 to 58.
The Average True Range (ATR) for DraftKings Inc. is set at 1.60, with the Price to Sales ratio for DKNG stock in the period of the last 12 months amounting to 3.96. The Price to Book ratio for the last quarter was 13.12, with the Price to Cash per share for the same quarter was set at 1.71. Price to Free Cash Flow for DKNG in the course of the last twelve months was 106.64 with Quick ratio for the last quarter at 1.11.
DKNG stock trade performance evaluation
DraftKings Inc. [DKNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.98. With this latest performance, DKNG shares dropped by -3.33% in over the last four-week period, additionally sinking by -13.04% over the last 6 months – not to mention a rise of 28.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DKNG stock in for the last two-week period is set at 51.90, with the RSI for the last a single of trading hit 55.25, and the three-weeks RSI is set at 49.46 for DraftKings Inc. [DKNG]. The present Moving Average for the last 50 days of trading for this stock 36.27, while it was recorded at 35.49 for the last single week of trading, and 39.15 for the last 200 days.
DraftKings Inc. [DKNG]: An insightful look at the core fundamentals
DraftKings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.11.
Earnings per share (EPS) analysis for DraftKings Inc. [DKNG] stock
With the latest financial reports released by the company, DraftKings Inc. posted -0.61/share EPS, while the average EPS was predicted by analysts to be reported at -0.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DKNG.
DraftKings Inc. [DKNG]: Institutional Ownership
There are presently around $73.33%, or 75.13%% of DKNG stock, in the hands of institutional investors. The top three institutional holders of DKNG stocks are: VANGUARD GROUP INC with ownership of 40.82 million shares, which is approximately 8.6066%. BLACKROCK INC., holding 30.84 million shares of the stock with an approximate value of $$1.18 billion in DKNG stocks shares; and BLACKROCK INC., currently with $$884.71 million in DKNG stock with ownership which is approximately 4.8876%.
