On Friday, DraftKings Inc. (NASDAQ: DKNG) opened higher 2.86% from the last session, before settling in for the closing price of $37.11. Price fluctuations for DKNG have ranged from $24.97 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. Company’s average yearly earnings per share was noted 88.41% at the time writing. With a float of $464.71 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Gambling industry is another important factor to consider. The insider ownership of DraftKings Inc. is 4.11%, while institutional ownership is 70.72%. The most recent insider transaction that took place on Jun 25 ’24, was worth 25,972,124. In this transaction an insider of this company sold 668,890 shares at a rate of $38.83, taking the stock ownership to the 205,962 shares. Before that another transaction happened on Jun 14 ’24, when Company’s Director sold 250,000 for $38.15, making the entire transaction worth $9,537,500. This insider now owns 250,000 shares in total.
DraftKings Inc. (DKNG) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 88.41% per share during the next fiscal year.
DraftKings Inc. (NASDAQ: DKNG) Trading Performance Indicators
Check out the current performance indicators for DraftKings Inc. (DKNG). In the past quarter, the stock posted a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.54. Likewise, its price to free cash flow for the trailing twelve months is 164.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of DraftKings Inc. (DKNG)
DraftKings Inc. (NASDAQ: DKNG) saw its 5-day average volume 11.41 million, a negative change from its year-to-date volume of 11.45 million. As of the previous 9 days, the stock’s Stochastic %D was 10.20%. Additionally, its Average True Range was 1.61.
During the past 100 days, DraftKings Inc.’s (DKNG) raw stochastic average was set at 24.85%, which indicates a significant increase from 17.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.00% in the past 14 days, which was higher than the 45.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.63, while its 200-day Moving Average is $37.95. Nevertheless, the first resistance level for the watch stands at $38.71 in the near term. At $39.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.20. If the price goes on to break the first support level at $37.22, it is likely to go to the next support level at $36.27. The third support level lies at $35.73 if the price breaches the second support level.
DraftKings Inc. (NASDAQ: DKNG) Key Stats
There are currently 869,238K shares outstanding in the company with a market cap of 18.50 billion. Presently, the company’s annual sales total 3,665 M according to its annual income of -802,140 K. Last quarter, the company’s sales amounted to 1,175 M and its income totaled -142,570 K.
