Currently, there are 472.70M common shares owned by the public and among those 452.95M shares have been available to trade.
Insiders at the company have transacted a total of 242 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 119 of these insider trades were purchases, accounting for 5,018,881 shares. Insider sales of the common stock occurred on 123 occasions, with total insider shares sold totaling 6,821,310 shares.
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The company’s stock has a 5-day price change of 11.20% and 17.34% over the past three months. DKNG shares are trading 27.29% year to date (YTD), with the 12-month market performance up to 141.50% 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 12.44 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 5.77%, 16.42%, and 40.08% 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 $21.25B and a beta (3y monthly) value of 1.86. 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 3.64% over the week and 4.05% over the month.
Earnings per share for the fiscal year are expected to increase by 87.97%, and 462.43% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on February 28, 2024, with the firm’s price target at $40-$49. Barclays coverage for the DraftKings Inc. (DKNG) stock in a research note released on February 23, 2024 offered a Overweight rating with a price target of $50. Oppenheimer was of a view on February 20, 2024 that the stock is Outperform, while Needham gave the stock Buy rating on February 20, 2024, issuing a price target of $50- $54. Piper Sandler on their part issued Overweight rating on February 13, 2024.
