Currently, there are 472.70M common shares owned by the public and among those 446.20M shares have been available to trade.
Insiders at the company have transacted a total of 278 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 137 of these insider trades were purchases, accounting for 5,946,049 shares. Insider sales of the common stock occurred on 141 occasions, with total insider shares sold totaling 7,606,071 shares.
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However, the script later moved the day high at 45.62, up 0.25%. The company’s stock has a 5-day price change of 2.74% and 21.71% over the past three months. DKNG shares are trading 26.44% year to date (YTD), with the 12-month market performance up to 150.67% higher. It has a 12-month low price of $17.02 and touched a high of $44.95 over the same period. DKNG has an average intraday trading volume of 11.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.96%, 19.28%, and 43.31% respectively.
Institutional ownership of DraftKings Inc. (NASDAQ: DKNG) shares accounts for 68.85% of the company’s 472.70M shares outstanding.
It has a market capitalization of $20.78B and a beta (3y monthly) value of 1.87. The earnings-per-share (ttm) stands at -$1.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.31% over the week and 3.82% over the month.
Analysts forecast that DraftKings Inc. (DKNG) will achieve an EPS of -$0.33 for the current quarter, $0.02 for the next quarter and $0.73 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.46 while analysts give the company a high EPS estimate of -$0.15. Comparatively, EPS for the current quarter was -$0.87 a year ago. Earnings per share for the fiscal year are expected to increase by 84.63%, and 361.54% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on February 13, 2024, with the firm’s price target at $40-$50.
