Currently, there are 472.70M common shares owned by the public and among those 452.76M shares have been available to trade.
Insiders at the company have transacted a total of 255 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 126 of these insider trades were purchases, accounting for 5,111,071 shares. Insider sales of the common stock occurred on 129 occasions, with total insider shares sold totaling 7,129,598 shares.
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However, the script later moved the day high at 42.60, up 1.08%. The company’s stock has a 5-day price change of -7.15% and 7.98% over the past three months. DKNG shares are trading 17.11% year to date (YTD), with the 12-month market performance up to 111.37% higher. It has a 12-month low price of $17.02 and touched a high of $45.62 over the same period. DKNG has an average intraday trading volume of 12.33 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 -0.92%, 9.09%, and 31.09% respectively.
Institutional ownership of DraftKings Inc. (NASDAQ: DKNG) shares accounts for 67.90% of the company’s 472.70M shares outstanding.
It has a market capitalization of $19.55B and a beta (3y monthly) value of 1.84. 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 5.97% over the week and 4.08% over the month.
Analysts forecast that DraftKings Inc. (DKNG) will achieve an EPS of -$0.3 for the current quarter, $0.03 for the next quarter and $0.73 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.12. Comparatively, EPS for the current quarter was -$0.87 a year ago. Earnings per share for the fiscal year are expected to increase by 85.91%, and 395.91% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on February 23, 2024, with the firm’s price target at $41-$50. Oppenheimer coverage for the DraftKings Inc. (DKNG) stock in a research note released on February 20, 2024 offered a Outperform rating with a price target of $60. Needham was of a view on February 20, 2024 that the stock is Buy, while Piper Sandler gave the stock Overweight rating on February 13, 2024, issuing a price target of $40- $50. Oppenheimer on their part issued Outperform rating on February 13, 2024.
