On Friday, DraftKings Inc (NASDAQ: DKNG) opened lower -3.83% from the last session, before settling in for the closing price of $41.47. Price fluctuations for DKNG have ranged from $28.69 to $49.57 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 84.35% over the last five years. Company’s average yearly earnings per share was noted 56.01% at the time writing. With a float of $469.43 million, this company’s outstanding shares have now reached $487.17 million.
The firm has a total of 4400 workers. Let’s measure their productivity. 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
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 76.16%. The most recent insider transaction that took place on Dec 09 ’24, was worth 9,765,919. In this transaction Chief Legal Officer of this company sold 228,496 shares at a rate of $42.74, taking the stock ownership to the 541,884 shares. Before that another transaction happened on Dec 09 ’24, when Company’s Officer proposed sale 500,000 for $43.79, making the entire transaction worth $21,895,000.
DraftKings Inc (DKNG) Recent Fiscal highlights
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 56.01% 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 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.33. Likewise, its price to free cash flow for the trailing twelve months is 217.22.
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 0.54 in one year’s time.
Technical Analysis of DraftKings Inc (DKNG)
Analysing the last 5-days average volume posted by the [DraftKings Inc, DKNG], we can find that recorded value of 7.03 million was lower than the volume posted last year of 10.15 million. As of the previous 9 days, the stock’s Stochastic %D was 5.62%. Additionally, its Average True Range was 1.51.
During the past 100 days, DraftKings Inc’s (DKNG) raw stochastic average was set at 65.13%, which indicates a significant increase from 9.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.26% in the past 14 days, which was lower than the 42.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.99, while its 200-day Moving Average is $39.62. Now, the first resistance to watch is $41.55. This is followed by the second major resistance level at $43.23. The third major resistance level sits at $44.40. If the price goes on to break the first support level at $38.71, it is likely to go to the next support level at $37.54. Now, if the price goes above the second support level, the third support stands at $35.87.
DraftKings Inc (NASDAQ: DKNG) Key Stats
There are currently 880,642K shares outstanding in the company with a market cap of 33.77 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 1,095 M and its income totaled -293,690 K.
