Currently, there are 472.70M common shares owned by the public and among those 469.54M shares have been available to trade.
The company’s stock has a 5-day price change of 1.53% and 21.71% over the past three months. DKNG shares are trading 21.99% year to date (YTD), with the 12-month market performance up to 11.11% higher. It has a 12-month low price of $28.69 and touched a high of $49.57 over the same period. DKNG has an average intraday trading volume of 8.86 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 7.38%, 10.21%, and 8.65% respectively.
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Institutional ownership of DraftKings Inc (NASDAQ: DKNG) shares accounts for 76.18% of the company’s 472.70M shares outstanding.
It has a market capitalization of $37.47B and a beta (3y monthly) value of 1.85. 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 2.74% over the week and 3.62% over the month.
Earnings per share for the fiscal year are expected to increase by 57.11%, and 174.15% 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.
