In the past week, DKNG stock has gone up by 4.63%, with a monthly gain of 7.22% and a quarterly surge of 12.32%. The volatility ratio for the week is 3.41%, and the volatility levels for the last 30 days are 3.61% for DraftKings Inc The simple moving average for the last 20 days is 5.30% for DKNG’s stock, with a simple moving average of 5.70% for the last 200 days.
Is It Worth Investing in DraftKings Inc (NASDAQ: DKNG) Right Now?
Moreover, the 36-month beta value for DKNG is 1.92. Analysts have varying opinions on the stock, with 21 analysts rating it as a “buy,” 9 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for DKNG is 470.07M and currently, short sellers hold a 4.81% of that float. On January 28, 2025, DKNG’s average trading volume was 8.73M shares.
DKNG) stock’s latest price update
DraftKings Inc (NASDAQ: DKNG) has experienced a decline in its stock price by -0.56 compared to its previous closing price of 41.34. However, the company has seen a gain of 4.63% in its stock price over the last five trading days. zacks.com reported 2025-01-23 that The latest trading day saw DraftKings (DKNG) settling at $41.51, representing a +1.29% change from its previous close.
Analysts’ Opinion of DKNG
Many brokerage firms have already submitted their reports for DKNG stocks, with Susquehanna repeating the rating for DKNG by listing it as a “Positive.” The predicted price for DKNG in the upcoming period, according to Susquehanna is $54 based on the research report published on January 08, 2025 of the current year 2025.
Mizuho, on the other hand, stated in their research note that they expect to see DKNG reach a price target of $62, previously predicting the price at $54. The rating they have provided for DKNG stocks is “Outperform” according to the report published on October 18th, 2024.
Susquehanna gave a rating of “Positive” to DKNG, setting the target price at $50 in the report published on October 07th of the previous year.
DKNG Trading at 0.84% 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 -17.07% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +6.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.86% lower at present.
During the last 5 trading sessions, DKNG rose by +4.63%, which changed the moving average for the period of 200-days by -9.73% in comparison to the 20-day moving average, which settled at $39.04. In addition, DraftKings Inc saw 10.51% 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 200,000 shares at the price of $39.00 back on Jan 10 ’25. After this action, Liberman Paul now owns 1,342,722 shares of DraftKings Inc, valued at $7,800,000 using the latest closing price.
Liberman Paul, the of DraftKings Inc, sale 532,095 shares at $38.30 during a trade that took place back on Dec 26 ’24, which means that Liberman Paul is holding 68,654 shares at $20,379,238 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
- 0.38 for the gross margin
The net margin for DraftKings Inc stands at -0.09. The total capital return value is set at -0.19. Equity return is now at value -44.43, with -10.25 for asset returns.
Based on DraftKings Inc (DKNG), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.25. The interest coverage ratio of the stock is -168.95.
Currently, EBITDA for the company is -586.65 million with net debt to EBITDA at -2.09. When we switch over and look at the enterprise to sales, we see a ratio of 4.45. The receivables turnover for the company is 71.57for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
To wrap up, the performance of DraftKings Inc (DKNG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
