A new trading day began on Friday, with DraftKings Inc. (NASDAQ: DKNG) stock price up 4.96% from the previous day of trading, before settling in for the closing price of $41.09. DKNG’s price has ranged from $20.26 to $49.57 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 84.35% over the past five years. Meanwhile, its annual earnings per share averaged 90.93%. With a float of $453.37 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gambling Industry. The insider ownership of DraftKings Inc. is 4.31%, while institutional ownership is 67.33%. The most recent insider transaction that took place on Apr 22 ’24, was worth 8,182,006. In this transaction an insider of this company sold 200,000 shares at a rate of $40.91, taking the stock ownership to the 3,043,231 shares. Before that another transaction happened on Feb 21 ’24, when Company’s insider sold 200,000 for $40.89, making the entire transaction worth $8,178,308. This insider now owns 3,195,812 shares in total.
DraftKings Inc. (DKNG) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 90.93% per share during the next fiscal year.
DraftKings Inc. (NASDAQ: DKNG) Trading Performance Indicators
Here are DraftKings Inc.’s current performance indicators. According to the last quarter’s results, the 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 5.57.
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 0.77 in one year’s time.
Technical Analysis of DraftKings Inc. (DKNG)
DraftKings Inc. (NASDAQ: DKNG) saw its 5-day average volume 7.75 million, a negative change from its year-to-date volume of 11.61 million. As of the previous 9 days, the stock’s Stochastic %D was 34.59%. Additionally, its Average True Range was 1.86.
During the past 100 days, DraftKings Inc.’s (DKNG) raw stochastic average was set at 63.39%, which indicates a significant increase from 59.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.32% in the past 14 days, which was lower than the 40.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.52, while its 200-day Moving Average is $35.66. Nevertheless, the first resistance level for the watch stands at $43.87 in the near term. At $44.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $46.03. If the price goes on to break the first support level at $41.71, it is likely to go to the next support level at $40.29. Assuming the price breaks the second support level, the third support level stands at $39.55.
DraftKings Inc. (NASDAQ: DKNG) Key Stats
With a market capitalization of 20.43 billion, the company has a total of 866,633K Shares Outstanding. Currently, annual sales are 3,665 M while annual income is -802,140 K. The company’s previous quarter sales were 1,231 M while its latest quarter income was -44,620 K.
