On Monday, DraftKings Inc (NASDAQ: DKNG) was 6.30% up from the session before settling in for the closing price of $39.84. A 52-week range for DKNG has been $28.69 – $49.57.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 84.35%. When this article was written, the company’s average yearly earnings per share was at 58.36%. With a float of $469.54 million, this company’s outstanding shares have now reached $472.70 million.
Considering the fact that the conglomerate employs 4400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.5%, operating margin of -10.59%, and the pretax margin is -10.53%.
DraftKings Inc (DKNG) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward DraftKings Inc stocks. The insider ownership of DraftKings Inc is 3.71%, while institutional ownership is 76.35%. The most recent insider transaction that took place on Nov 14 ’24, was worth 32,875,800. Before that another transaction happened on Oct 25 ’24, when Company’s insider sold 88,441 for $36.41, making the entire transaction worth $3,220,250. This insider now owns 1,923,483 shares in total.
DraftKings Inc (DKNG) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.29 earnings per share (EPS) during the time that was better than consensus figure (set at 0.2) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 58.36% per share during the next fiscal year.
DraftKings Inc (NASDAQ: DKNG) Trading Performance Indicators
You can see what DraftKings Inc (DKNG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.84. Likewise, its price to free cash flow for the trailing twelve months is 232.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.55 in one year’s time.
Technical Analysis of DraftKings Inc (DKNG)
Compared to the last year’s volume of 10.4 million, its volume of 10.41 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.41%. Additionally, its Average True Range was 1.66.
During the past 100 days, DraftKings Inc’s (DKNG) raw stochastic average was set at 93.31%, which indicates a significant increase from 88.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.82% in the past 14 days, which was higher than the 44.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.48, while its 200-day Moving Average is $39.56. Nevertheless, the first resistance level for the watch stands at $43.25 in the near term. At $44.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.80. If the price goes on to break the first support level at $40.70, it is likely to go to the next support level at $39.04. Now, if the price goes above the second support level, the third support stands at $38.15.
DraftKings Inc (NASDAQ: DKNG) Key Stats
There are 880,642K outstanding shares of the company, which has a market capitalization of 36.12 billion. As of now, sales total 3,665 M while income totals -802,140 K. Its latest quarter income was 1,095 M while its last quarter net income were -293,690 K.
