DraftKings Inc. (NASDAQ: DKNG) kicked off on Friday, down -2.68% from the previous trading day, before settling in for the closing price of $45.44. Over the past 52 weeks, DKNG has traded in a range of $18.48-$49.57.
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Annual sales at Consumer Cyclical sector company grew by 84.35% over the past five years. While this was happening, its average annual earnings per share was recorded 89.45%. With a float of $453.16 million, this company’s outstanding shares have now reached $472.70 million.
Let’s look at the performance matrix of the company that is accounted for 4400 employees.
DraftKings Inc. (DKNG) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Gambling Industry. The insider ownership of DraftKings Inc. is 4.31%, while institutional ownership is 67.86%. The most recent insider transaction that took place on Feb 21 ’24, was worth 8,178,308. In this transaction an insider of this company sold 200,000 shares at a rate of $40.89, taking the stock ownership to the 3,195,812 shares. Before that another transaction happened on Feb 08 ’24, when Company’s Chief Legal Officer sold 686,101 for $43.06, making the entire transaction worth $29,543,509. This insider now owns 200,239 shares in total.
DraftKings Inc. (DKNG) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3,531.80 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 89.45% per share during the next fiscal year.
DraftKings Inc. (NASDAQ: DKNG) Trading Performance Indicators
Take a look at DraftKings Inc.’s (DKNG) current performance indicators. Last quarter, stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.74, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach 0.75 in one year’s time.
Technical Analysis of DraftKings Inc. (DKNG)
DraftKings Inc. (NASDAQ: DKNG) saw its 5-day average volume 7.36 million, a negative change from its year-to-date volume of 11.94 million. As of the previous 9 days, the stock’s Stochastic %D was 31.58%. Additionally, its Average True Range was 1.81.
During the past 100 days, DraftKings Inc.’s (DKNG) raw stochastic average was set at 69.58%, which indicates a significant increase from 10.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.76% in the past 14 days, which was higher than the 38.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.62, while its 200-day Moving Average is $34.91. Nevertheless, the first resistance level for the watch stands at $44.82 in the near term. At $45.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.79. If the price goes on to break the first support level at $43.85, it is likely to go to the next support level at $43.47. Assuming the price breaks the second support level, the third support level stands at $42.87.
DraftKings Inc. (NASDAQ: DKNG) Key Stats
The company with the Market Capitalisation of 20.94 billion has total of 866,633K Shares Outstanding. Its annual sales at the moment are 3,665 M in contrast with the sum of -802,140 K annual income. Company’s last quarter sales were recorded 1,231 M and last quarter income was -44,620 K.
