DraftKings Inc [NASDAQ: DKNG] gained 6.30% on the last trading session, reaching $42.35 price per share at the time.
If compared to the average trading volume of 8.87M shares, DKNG reached a trading volume of 12720850 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $51.33 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 1.38. 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.
Mizuho have made an estimate for DraftKings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 18, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price from $48 to $50. The new note on the price target was released on October 07, 2024, representing the official price target for DraftKings Inc stock. Previously, the target price had yet another raise to $35, while Exane BNP Paribas analysts kept a Neutral rating on DKNG stock. On September 04, 2024, analysts increased their price target for DKNG shares from 56 to 58.
The Average True Range (ATR) for DraftKings Inc is set at 1.66, with the Price to Sales ratio for DKNG stock in the period of the last 12 months amounting to 7.84. The Price to Book ratio for the last quarter was 19.17, with the Price to Cash per share for the same quarter was set at 1.05. Price to Free Cash Flow for DKNG in the course of the last twelve months was 232.29 with Quick ratio for the last quarter at 1.00.
Trading performance analysis for DKNG stock
DraftKings Inc [DKNG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.99. With this latest performance, DKNG shares gained by 10.11% in over the last four-week period, additionally sinking by -5.30% over the last 6 months – not to mention a rise of 13.51% 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 62.96, with the RSI for the last a single of trading hit 65.18, and the three-weeks RSI is set at 60.82 for DraftKings Inc [DKNG]. The present Moving Average for the last 50 days of trading for this stock 38.48, while it was recorded at 41.38 for the last single week of trading, and 39.56 for the last 200 days.
DraftKings Inc [DKNG]: A deeper dive into fundamental analysis
DraftKings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
DraftKings Inc [DKNG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, DraftKings Inc posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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.
An analysis of Institutional ownership at DraftKings Inc [DKNG]
There are presently around $77.05%, or 78.96%% 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%.
