A new trading day began on Monday, with DraftKings Inc. (NASDAQ: DKNG) stock price down -3.38% from the previous day of trading, before settling in for the closing price of $38.46. DKNG’s price has ranged from $25.73 to $49.57 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 84.35%. Meanwhile, its annual earnings per share averaged 83.71%. With a float of $467.65 million, this company’s outstanding shares have now reached $472.70 million.
Let’s determine the extent of company efficiency that accounts for 4400 employees. In terms of profitability, gross margin is 38.76%, operating margin of -11.06%, and the pretax margin is -10.98%.
DraftKings Inc. (DKNG) Breakdown of a Key Holders of the stock
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 3.68%, while institutional ownership is 72.23%. The most recent insider transaction that took place on Sep 25 ’24, was worth 26,545,315. In this transaction an insider of this company sold 643,654 shares at a rate of $41.24, taking the stock ownership to the 137,308 shares. Before that another transaction happened on Sep 25 ’24, when Company’s Officer proposed sale 643,654 for $41.01, making the entire transaction worth $26,396,251.
DraftKings Inc. (DKNG) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.61 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.71% 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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.20. Likewise, its price to free cash flow for the trailing twelve months is 112.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach 0.71 in one year’s time.
Technical Analysis of DraftKings Inc. (DKNG)
Looking closely at DraftKings Inc. (NASDAQ: DKNG), its last 5-days average volume was 8.24 million, which is a drop from its year-to-date volume of 10.4 million. As of the previous 9 days, the stock’s Stochastic %D was 48.31%. Additionally, its Average True Range was 1.44.
During the past 100 days, DraftKings Inc.’s (DKNG) raw stochastic average was set at 53.18%, which indicates a significant increase from 28.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.03% in the past 14 days, which was lower than the 43.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.84, while its 200-day Moving Average is $39.40. However, in the short run, DraftKings Inc.’s stock first resistance to watch stands at $38.08. Second resistance stands at $39.00. The third major resistance level sits at $39.75. If the price goes on to break the first support level at $36.42, it is likely to go to the next support level at $35.67. Now, if the price goes above the second support level, the third support stands at $34.75.
DraftKings Inc. (NASDAQ: DKNG) Key Stats
With a market capitalization of 18.04 billion, the company has a total of 869,238K Shares Outstanding. Currently, annual sales are 3,665 M while annual income is -802,140 K. The company’s previous quarter sales were 1,104 M while its latest quarter income was 63,820 K.
