Currently, there are 487.17M common shares owned by the public and among those 469.87M shares have been available to trade.
The company’s stock has a 5-day price change of 7.38% and 4.06% over the past three months. DKNG shares are trading 7.53% year to date (YTD), with the 12-month market performance up to 19.65% 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 8.55 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 3.63%, -0.89%, and 2.33% respectively.
Institutional ownership of DraftKings Inc (NASDAQ: DKNG) shares accounts for 76.17% of the company’s 487.17M shares outstanding.
It has a market capitalization of $35.23B and a beta (3y monthly) value of 1.91. 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 3.99% over the week and 3.90% over the month.
Earnings per share for the fiscal year are expected to increase by 52.44%, and 169.42% over the next financial year.
Looking at the support for the DKNG, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on January 08, 2025, with the firm’s price target at $56-$54. Mizuho coverage for the DraftKings Inc (DKNG) stock in a research note released on October 18, 2024 offered a Outperform rating with a price target of $62. Susquehanna was of a view on October 07, 2024 that the stock is Positive, while Exane BNP Paribas gave the stock Neutral rating on September 10, 2024, issuing a price target of $35. UBS on their part issued Buy rating on September 04, 2024.
