Currently, there are 472.70M common shares owned by the public and among those 467.65M shares have been available to trade.
The company’s stock has a 5-day price change of -2.38% and 13.73% over the past three months. DKNG shares are trading 1.25% year to date (YTD), with the 12-month market performance up to 23.15% higher. It has a 12-month low price of $27.67 and touched a high of $49.57 over the same period. DKNG has an average intraday trading volume of 8.81 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 -3.96%, -4.46%, and -9.65% respectively.
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Institutional ownership of DraftKings Inc (NASDAQ: DKNG) shares accounts for 72.67% of the company’s 472.70M shares outstanding.
It has a market capitalization of $31.68B and a beta (3y monthly) value of 1.83. 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 3.04% over the week and 3.24% over the month.
Analysts forecast that DraftKings Inc (DKNG) will achieve an EPS of -0.42 for the current quarter, 0.29 for the next quarter and 0.71 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.5 while analysts give the company a high EPS estimate of -0.5. Comparatively, EPS for the current quarter was -0.61 a year ago. Earnings per share for the fiscal year are expected to increase by 83.77%, and 352.18% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Mizuho stated their Outperform rating for the stock in a research note on October 18, 2024, with the firm’s price target at $54-$62. Susquehanna coverage for the DraftKings Inc (DKNG) stock in a research note released on October 07, 2024 offered a Positive rating with a price target of $50. Exane BNP Paribas was of a view on September 10, 2024 that the stock is Neutral, while UBS gave the stock Buy rating on September 04, 2024, issuing a price target of $56- $58. Susquehanna on their part issued Positive rating on September 04, 2024.
