On Monday, DraftKings Inc. (NASDAQ: DKNG) opened higher 0.25% from the last session, before settling in for the closing price of $36.47. Price fluctuations for DKNG have ranged from $25.73 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 83.73% at the time writing. With a float of $467.65 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. In terms of profitability, gross margin is 38.76%, operating margin of -11.06%, and the pretax margin is -10.98%.
DraftKings Inc. (DKNG) Insider Updates
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 3.68%, while institutional ownership is 72.43%. The most recent insider transaction that took place on Oct 25 ’24, was worth 3,220,250. In this transaction an insider of this company sold 88,441 shares at a rate of $36.41, taking the stock ownership to the 1,923,483 shares. Before that another transaction happened on Oct 25 ’24, when Company’s Officer proposed sale 88,441 for $36.97, making the entire transaction worth $3,269,664.
DraftKings Inc. (DKNG) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.61 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.69) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.73% 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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.13. Likewise, its price to free cash flow for the trailing twelve months is 111.11.
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)
DraftKings Inc. (NASDAQ: DKNG) saw its 5-day average volume 6.06 million, a negative change from its year-to-date volume of 10.29 million. As of the previous 9 days, the stock’s Stochastic %D was 18.52%. Additionally, its Average True Range was 1.31.
During the past 100 days, DraftKings Inc.’s (DKNG) raw stochastic average was set at 49.41%, which indicates a significant increase from 21.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.66% in the past 14 days, which was lower than the 43.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.29, while its 200-day Moving Average is $39.48. Nevertheless, the first resistance level for the watch stands at $36.97 in the near term. At $37.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.87. If the price goes on to break the first support level at $36.07, it is likely to go to the next support level at $35.59. Assuming the price breaks the second support level, the third support level stands at $35.17.
DraftKings Inc. (NASDAQ: DKNG) Key Stats
There are currently 869,238K shares outstanding in the company with a market cap of 17.75 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 1,104 M and its income totaled 63,820 K.
