Currently, there are 472.70M common shares owned by the public and among those 464.71M shares have been available to trade.
The company’s stock has a 5-day price change of 2.83% and -15.23% over the past three months. DKNG shares are trading 13.50% year to date (YTD), with the 12-month market performance up to 56.96% higher. It has a 12-month low price of $24.62 and touched a high of $49.57 over the same period. DKNG has an average intraday trading volume of 10.76 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 3.88%, -2.94%, and 5.92% respectively.
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Institutional ownership of DraftKings Inc. (NASDAQ: DKNG) shares accounts for 70.74% of the company’s 472.70M shares outstanding.
It has a market capitalization of $19.39B and a beta (3y monthly) value of 1.82. The earnings-per-share (ttm) stands at -$1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.26% over the week and 4.18% over the month.
Earnings per share for the fiscal year are expected to increase by 89.11%, and 538.35% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on May 06, 2024, with the firm’s price target at $58-$60. Goldman coverage for the DraftKings Inc. (DKNG) stock in a research note released on April 16, 2024 offered a Buy rating with a price target of $60. Needham was of a view on March 27, 2024 that the stock is Buy, while Mizuho gave the stock Buy rating on March 26, 2024, issuing a price target of $58. Susquehanna on their part issued Positive rating on March 25, 2024.
