DraftKings Inc. (NASDAQ:DKNG) went up by 4.51% from its latest closing price compared to the recent 1-year high of $64.78. The company’s stock price has collected 2.91% of gains in the last five trading sessions. Barron’s reported 3 hours ago that Futures Mostly Flat as U.S. Virus Deaths Near 500,000 Mark
Is It Worth Investing in DraftKings Inc. (NASDAQ :DKNG) Right Now?
Opinions of the stock are interesting as 18 analysts out of 28 who provided ratings for DraftKings Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 1 as “sell.”
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The average price from analysts is $62.84, which is $1.09 above the current price. DKNG currently public float of 328.37M and currently shorts hold a 4.94% ratio of that float. Today, the average trading volume of DKNG was 15.97M shares.
DKNG’s Market Performance
DKNG stocks went up by 2.91% for the week, with a monthly jump of 14.54% and a quarterly performance of 30.68%, while its annual performance rate touched 245.10%. The volatility ratio for the week stands at 3.71% while the volatility levels for the past 30 days are set at 5.34% for DraftKings Inc.. The simple moving average for the period of the last 20 days is 4.86% for DKNG stocks with a simple moving average of 40.32% for the last 200 days.
Analysts’ Opinion of DKNG
Many brokerage firms have already submitted their reports for DKNG stocks, with The Benchmark Company repeating the rating for DKNG by listing it as a “Buy.” The predicted price for DKNG in the upcoming period, according to The Benchmark Company is $66 based on the research report published on February 01st of the current year 2021.
Bernstein, on the other hand, stated in their research note that they expect to see DKNG reach a price target of $71. The rating they have provided for DKNG stocks is “Outperform” according to the report published on January 27th, 2021.
Goldman gave a rating of “Buy” to DKNG, setting the target price at $65 in the report published on January 26th of the current year.
DKNG Trading at 12.97% from the 50-Day Moving Average
After a stumble in the market that brought DKNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.97% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares surge +13.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.08% upper at present.
During the last 5 trading sessions, DKNG rose by +2.91%, which changed the moving average for the period of 200-days by +181.86% in comparison to the 20-day moving average, which settled at $58.46. In addition, DraftKings Inc. saw 30.82% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at DKNG starting from MURRAY STEVEN JOSEPH, who sale 1,545,924 shares at the price of $50.83 back on Oct 09. After this action, MURRAY STEVEN JOSEPH now owns 5,205,324 shares of DraftKings Inc., valued at $78,579,317 using the latest closing price.
Meckenzie Shalom, the Director of DraftKings Inc., sale 6,949,088 shares at $50.83 during a trade that took place back on Oct 09, which means that Meckenzie Shalom is holding 23,611,173 shares at $353,222,143 based on the most recent closing price.
Stock Fundamentals for DKNG
Equity return is now at value -46.60, with -39.20 for asset returns.