DraftKings Inc. (NASDAQ:DKNG) went down by -1.48% from its latest closing price compared to the recent 1-year high of $74.38. The company’s stock price has collected 6.89% of gains in the last five trading sessions. MarketWatch.com reported on 06/04/21 that Gambler Ben ‘Parlay’ Patz sentenced to 36 months probation for threatening to kill athletes
Is It Worth Investing in DraftKings Inc. (NASDAQ :DKNG) Right Now?
Opinions of the stock are interesting as 18 analysts out of 27 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 0 as “sell.”
The average price from analysts is $69.94, which is $16.37 above the current price. DKNG currently public float of 365.89M and currently shorts hold a 9.71% ratio of that float. Today, the average trading volume of DKNG was 16.84M shares.
DKNG’s Market Performance
DKNG stocks went up by 6.89% for the week, with a monthly jump of 20.16% and a quarterly performance of -21.37%, while its annual performance rate touched 38.24%. The volatility ratio for the week stands at 4.13% while the volatility levels for the past 30 days are set at 5.37% for DraftKings Inc.. The simple moving average for the period of the last 20 days is 14.95% for DKNG stocks with a simple moving average of 3.97% for the last 200 days.
Analysts’ Opinion of DKNG
Many brokerage firms have already submitted their reports for DKNG stocks, with Berenberg repeating the rating for DKNG by listing it as a “Hold.” The predicted price for DKNG in the upcoming period, according to Berenberg is $42.50 based on the research report published on May 12th of the current year 2021.
Cowen, on the other hand, stated in their research note that they expect to see DKNG reach a price target of $70. The rating they have provided for DKNG stocks is “Outperform” according to the report published on May 03rd, 2021.
Guggenheim gave a rating of “Buy” to DKNG, setting the target price at $75 in the report published on April 30th of the current year.
DKNG Trading at 1.32% 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 -26.75% of loss for the given period.
Volatility was left at 5.37%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +23.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.39% lower at present.
During the last 5 trading sessions, DKNG rose by +6.89%, which changed the moving average for the period of 200-days by +54.99% in comparison to the 20-day moving average, which settled at $47.92. In addition, DraftKings Inc. saw 17.01% 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 Kalish Matthew, who sale 57,692 shares at the price of $50.72 back on May 28. After this action, Kalish Matthew now owns 2,111,663 shares of DraftKings Inc., valued at $2,926,048 using the latest closing price.
Liberman Paul, the See Remarks of DraftKings Inc., sale 85,000 shares at $49.65 during a trade that took place back on May 27, which means that Liberman Paul is holding 1,835,016 shares at $4,220,205 based on the most recent closing price.
Stock Fundamentals for DKNG
Current profitability levels for the company are sitting at:
- -132.19 for the present operating margin
- +43.60 for the gross margin
The net margin for DraftKings Inc. stands at -200.45. The total capital return value is set at -52.37, while invested capital returns managed to touch -79.75. Equity return is now at value -49.10, with -34.50 for asset returns.
Based on DraftKings Inc. (DKNG), the company’s capital structure generated 3.10 points at debt to equity in total, while total debt to capital is 3.01. Total debt to assets is 2.37, with long-term debt to equity ratio resting at 2.61. Finally, the long-term debt to capital ratio is 2.54.
When we switch over and look at the enterprise to sales, we see a ratio of 20.33, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 16.44 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.96.