The 36-month beta value for DKNG is also noteworthy at 1.86. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DKNG is 453.37M, and at present, short sellers hold a 4.41% of that float. The average trading volume of DKNG on May 07, 2024 was 11.47M shares.
DKNG) stock’s latest price update
DraftKings Inc. (NASDAQ: DKNG) has seen a rise in its stock price by 5.38 in relation to its previous close of 41.82. However, the company has experienced a 3.02% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that Analysts at Benchmark slightly raised the firm’s price target to $52 following a beat-and-raise quarter. DraftKings beat revenue expectations, and management raised guidance for the full year.
DKNG’s Market Performance
DraftKings Inc. (DKNG) has experienced a 3.02% rise in stock performance for the past week, with a -6.63% drop in the past month, and a 5.05% rise in the past quarter. The volatility ratio for the week is 5.56%, and the volatility levels for the past 30 days are at 4.54% for DKNG. The simple moving average for the last 20 days is 2.88% for DKNG stock, with a simple moving average of 22.63% for the last 200 days.
Analysts’ Opinion of DKNG
Goldman, on the other hand, stated in their research note that they expect to see DKNG reach a price target of $60. The rating they have provided for DKNG stocks is “Buy” according to the report published on April 16th, 2024.
Needham gave a rating of “Buy” to DKNG, setting the target price at $58 in the report published on March 27th of the current year.
DKNG Trading at 1.31% 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 -11.10% of loss for the given period.
Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 5.56%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.76% upper at present.
During the last 5 trading sessions, DKNG rose by +3.02%, which changed the moving average for the period of 200-days by +43.64% in comparison to the 20-day moving average, which settled at $42.76. In addition, DraftKings Inc. saw 25.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DKNG starting from Robins Jason, who sale 200,000 shares at the price of $40.91 back on Apr 22 ’24. After this action, Robins Jason now owns 3,043,231 shares of DraftKings Inc., valued at $8,182,006 using the latest closing price.
Robins Jason, the of DraftKings Inc., sale 200,000 shares at $40.89 during a trade that took place back on Feb 21 ’24, which means that Robins Jason is holding 3,195,812 shares at $8,178,308 based on the most recent closing price.
Stock Fundamentals for DKNG
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.39 for the gross margin
The net margin for DraftKings Inc. stands at -0.13. The total capital return value is set at -0.22. Equity return is now at value -59.24, with -14.52 for asset returns.
Based on DraftKings Inc. (DKNG), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is -14640.4.
Currently, EBITDA for the company is -549.75 million with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 12.75for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In summary, DraftKings Inc. (DKNG) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
