DraftKings Inc (NASDAQ: DKNG) on Tuesday, soared 0.14% from the previous trading day, before settling in for the closing price of $43.00. Within the past 52 weeks, DKNG’s price has moved between $28.69 and $49.57.
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Annual sales at Consumer Cyclical sector company grew by 84.35% over the past five years. The company achieved an average annual earnings per share of 57.11%. With a float of $469.54 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 38.5%, operating margin of -10.59%, and the pretax margin is -10.53%.
DraftKings Inc (DKNG) Insider Updates
Observing investor behavior towards Gambling industry stocks is more important than anything else. The insider ownership of DraftKings Inc is 3.71%, while institutional ownership is 76.18%. The most recent insider transaction that took place on Nov 21 ’24, was worth 137,730. In this transaction an insider of this company sold 3,151 shares at a rate of $43.71, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 21 ’24, when Company’s Officer proposed sale 3,151 for $43.71, making the entire transaction worth $137,735.
DraftKings Inc (DKNG) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.29 earnings per share (EPS) for the period topping the consensus outlook (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 57.11% per share during the next fiscal year.
DraftKings Inc (NASDAQ: DKNG) Trading Performance Indicators
DraftKings Inc (DKNG) is currently performing well based on its current performance indicators. A quick ratio of 1.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.23. Likewise, its price to free cash flow for the trailing twelve months is 243.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.55 in one year’s time.
Technical Analysis of DraftKings Inc (DKNG)
DraftKings Inc (NASDAQ: DKNG) saw its 5-day average volume 7.04 million, a negative change from its year-to-date volume of 10.31 million. As of the previous 9 days, the stock’s Stochastic %D was 74.19%. Additionally, its Average True Range was 1.45.
During the past 100 days, DraftKings Inc’s (DKNG) raw stochastic average was set at 91.01%, which indicates a significant increase from 77.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.61% in the past 14 days, which was higher than the 44.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.10, while its 200-day Moving Average is $39.57. Nevertheless, the first resistance level for the watch stands at $43.44 in the near term. At $43.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.16. If the price goes on to break the first support level at $42.72, it is likely to go to the next support level at $42.38. Assuming the price breaks the second support level, the third support level stands at $42.00.
DraftKings Inc (NASDAQ: DKNG) Key Stats
Market capitalization of the company is 37.92 billion based on 880,642K outstanding shares. Right now, sales total 3,665 M and income totals -802,140 K. The company made 1,095 M in profit during its latest quarter, and -293,690 K in sales during its previous quarter.
