DraftKings Inc (NASDAQ: DKNG) on Friday, plunged -1.40% from the previous trading day, before settling in for the closing price of $38.46. Within the past 52 weeks, DKNG’s price has moved between $28.69 and $49.57.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 84.35%. The company achieved an average annual earnings per share of 55.95%. With a float of $469.43 million, this company’s outstanding shares have now reached $487.17 million.
The extent of productivity of a business whose workforce counts for 4400 workers is very important to gauge. 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 and Institutional Ownership
Observing investor behavior towards Gambling industry stocks is more important than anything else. The insider ownership of DraftKings Inc is 3.73%, while institutional ownership is 76.18%. The most recent insider transaction that took place on Dec 26 ’24, was worth 20,379,238. In this transaction an insider of this company sold 532,095 shares at a rate of $38.30, taking the stock ownership to the 68,654 shares. Before that another transaction happened on Dec 26 ’24, when Company’s Officer proposed sale 732,095 for $38.17, making the entire transaction worth $27,944,066.
DraftKings Inc (DKNG) Latest Financial update
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 55.95% 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 7.15. Likewise, its price to free cash flow for the trailing twelve months is 211.76.
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)
The latest stats from [DraftKings Inc, DKNG] show that its last 5-days average volume of 6.59 million was inferior to 10.08 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 14.80%. Additionally, its Average True Range was 1.51.
During the past 100 days, DraftKings Inc’s (DKNG) raw stochastic average was set at 52.05%, which indicates a significant increase from 6.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.11% in the past 14 days, which was higher than the 40.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.17, while its 200-day Moving Average is $39.46. Now, the first resistance to watch is $38.44. This is followed by the second major resistance level at $38.95. The third major resistance level sits at $39.41. If the price goes on to break the first support level at $37.47, it is likely to go to the next support level at $37.01. The third support level lies at $36.50 if the price breaches the second support level.
DraftKings Inc (NASDAQ: DKNG) Key Stats
Market capitalization of the company is 32.93 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.
