Currently, there are 472.70M common shares owned by the public and among those 467.00M shares have been available to trade.
The company’s stock has a 5-day price change of 7.66% and -3.03% over the past three months. DKNG shares are trading 7.23% year to date (YTD), with the 12-month market performance up to 23.09% higher. It has a 12-month low price of $25.73 and touched a high of $49.57 over the same period. DKNG has an average intraday trading volume of 9.45 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 6.97%, 7.05%, and -3.22% respectively.
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Institutional ownership of DraftKings Inc. (NASDAQ: DKNG) shares accounts for 72.32% of the company’s 472.70M shares outstanding.
It has a market capitalization of $18.35B and a beta (3y monthly) value of 1.78. The earnings-per-share (ttm) stands at -$0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.06% over the week and 4.21% over the month.
Earnings per share for the fiscal year are expected to increase by 83.83%, and 355.85% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Neutral rating for the stock in a research note on September 10, 2024, with the firm’s price target at $35. UBS coverage for the DraftKings Inc. (DKNG) stock in a research note released on September 04, 2024 offered a Buy rating with a price target of $58. Susquehanna was of a view on September 04, 2024 that the stock is Positive, while Oppenheimer gave the stock Outperform rating on July 01, 2024, issuing a price target of $60- $58. Needham on their part issued Buy rating on May 06, 2024.
