The stock of DraftKings Inc. (DKNG) has seen a 7.66% increase in the past week, with a 17.90% gain in the past month, and a -3.03% decrease in the past quarter. The volatility ratio for the week is 5.06%, and the volatility levels for the past 30 days are at 4.21% for DKNG. The simple moving average for the last 20 days is 6.97% for DKNG stock, with a simple moving average of -3.22% for the last 200 days.
Is It Worth Investing in DraftKings Inc. (NASDAQ: DKNG) Right Now?
Additionally, the 36-month beta value for DKNG is 1.78. There are mixed opinions on the stock, with 22 analysts rating it as a “buy,” 9 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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
The public float for DKNG is 467.00M and currently, short sellers hold a 5.02% ratio of that float. The average trading volume of DKNG on September 16, 2024 was 9.45M shares.
DKNG) stock’s latest price update
DraftKings Inc. (NASDAQ: DKNG)’s stock price has plunge by -2.05relation to previous closing price of 38.59. Nevertheless, the company has seen a 7.66% surge in its stock price over the last five trading sessions. cnbc.com reported 2024-09-13 that Two U.S. lawmakers have introduced a bill to address sports betting at the federal level. The proposed legislation would focus on affordability, advertising and artificial intelligence.
Analysts’ Opinion of DKNG
Many brokerage firms have already submitted their reports for DKNG stocks, with Exane BNP Paribas repeating the rating for DKNG by listing it as a “Neutral.” The predicted price for DKNG in the upcoming period, according to Exane BNP Paribas is $35 based on the research report published on September 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see DKNG reach a price target of $58, previously predicting the price at $56. The rating they have provided for DKNG stocks is “Buy” according to the report published on September 04th, 2024.
Susquehanna gave a rating of “Positive” to DKNG, setting the target price at $48 in the report published on September 04th of the current year.
DKNG Trading at 7.05% 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 -23.74% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 5.06%, as shares surge +10.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.96% upper at present.
During the last 5 trading sessions, DKNG rose by +7.66%, which changed the moving average for the period of 200-days by -2.45% in comparison to the 20-day moving average, which settled at $35.52. In addition, DraftKings Inc. saw 7.23% 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 Liberman Paul, who sale 88,441 shares at the price of $35.64 back on Aug 26 ’24. After this action, Liberman Paul now owns 2,498,483 shares of DraftKings Inc., valued at $3,151,845 using the latest closing price.
Liberman Paul, the Officer of DraftKings Inc., proposed sale 88,441 shares at $36.60 during a trade that took place back on Aug 26 ’24, which means that Liberman Paul is holding shares at $3,236,941 based on the most recent closing price.
Stock Fundamentals for DKNG
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.39 for the gross margin
The net margin for DraftKings Inc. stands at -0.09. The total capital return value is set at -0.17. Equity return is now at value -35.09, with -10.39 for asset returns.
Based on DraftKings Inc. (DKNG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -353.72.
Currently, EBITDA for the company is -549.75 million with net debt to EBITDA at -1.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.39. The receivables turnover for the company is 14.22for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, DraftKings Inc. (DKNG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
