DraftKings Inc (NASDAQ: DKNG) on Tuesday, plunged -5.46% from the previous trading day, before settling in for the closing price of $32.96. Within the past 52 weeks, DKNG’s price has moved between $29.64 and $53.61.
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales slided by -6.36%. The company achieved an average annual earnings per share of 126.77%. With a float of $479.11 million, this company’s outstanding shares have now reached $496.05 million.
The extent of productivity of a business whose workforce counts for 5100 workers is very important to gauge.
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 3.50%, while institutional ownership is 83.32%. The most recent insider transaction that took place on Oct 17 ’25, was worth 1,824,536. In this transaction Chief Legal Officer of this company sold 52,777 shares at a rate of $34.57, taking the stock ownership to the 500,000 shares. Before that another transaction happened on Oct 17 ’25, when Company’s Officer proposed sale 52,777 for $34.57, making the entire transaction worth $1,824,596.
DraftKings Inc (DKNG) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.17 earnings per share (EPS) for the period topping the consensus outlook (set at -0.24) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 126.77% 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 1.34 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 5.12. Likewise, its price to free cash flow for the trailing twelve months is 55.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.39 in the next quarter and is forecasted to reach 1.19 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 21.59 million was superior to 11.28 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.31%.
During the past 100 days, DraftKings Inc’s (DKNG) raw stochastic average was set at 6.57%, which indicates a significant decrease from 20.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.41 in the past 14 days, which was lower than the 1.44 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.63, while its 200-day Moving Average is $39.91. Now, the first resistance to watch is $32.58. This is followed by the second major resistance level at $34.00. The third major resistance level sits at $35.33. If the price goes on to break the first support level at $29.83, it is likely to go to the next support level at $28.50. Assuming the price breaks the second support level, the third support level stands at $27.08.
DraftKings Inc (NASDAQ: DKNG) Key Stats
Market capitalization of the company is 27.72 billion based on 496,470K outstanding shares. Right now, sales total 4,768 M and income totals -507,290 K. The company made 1,513 M in profit during its latest quarter, and 157,940 K in sales during its previous quarter.
