Currently, there are 472.70M common shares owned by the public and among those 453.19M shares have been available to trade.
The company’s stock has a 5-day price change of -8.01% and 8.13% over the past three months. DKNG shares are trading 15.40% year to date (YTD), with the 12-month market performance up to 90.18% higher. It has a 12-month low price of $20.26 and touched a high of $49.57 over the same period. DKNG has an average intraday trading volume of 11.81 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 -10.31%, -7.01%, and 15.39% respectively.
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Institutional ownership of DraftKings Inc. (NASDAQ: DKNG) shares accounts for 67.30% of the company’s 472.70M shares outstanding.
It has a market capitalization of $19.27B 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 5.22% over the week and 4.32% over the month.
Analysts forecast that DraftKings Inc. (DKNG) will achieve an EPS of $Booking Holdings Inc. Common St for the current quarter, $3,414.82 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Dynagas LNG Partners LP while analysts give the company a high EPS estimate of $DANG. Comparatively, EPS for the current quarter was $KDNG a year ago. Earnings per share for the fiscal year are expected to increase by 90.72%, and 574.95% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on April 16, 2024, with the firm’s price target at $60. Needham coverage for the DraftKings Inc. (DKNG) stock in a research note released on March 27, 2024 offered a Buy rating with a price target of $58. Mizuho was of a view on March 26, 2024 that the stock is Buy, while Susquehanna gave the stock Positive rating on March 25, 2024, issuing a price target of $51- $54. Morgan Stanley on their part issued Overweight rating on February 28, 2024.
