The price of DraftKings Inc (NASDAQ:DKNG) shares last traded on Wall Street fell -1.28% to $40.98.
DKNG stock price is now 0.60% away from the 50-day moving average and 5.17% away from the 200-day moving average. The market capitalization of the company currently stands at $36.09B.
With the price target reduced from $56 to $54, Susquehanna maintained Positive rating for DraftKings Inc (NASDAQ: DKNG). On October 18, 2024, Mizuho reiterated its ‘Outperform’ rating on the stock by increasing its target price from $54 to quote $62, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Liberman Paul, insider sold 200,000 shares of the company’s stock on Jan 10 ’25. The stock was sold for $7,800,000 at an average price of $39.00. Upon completion of the transaction, the insider now directly owns 1,342,722 shares in the company, valued at $55.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 26 ’24, See Remarks Liberman Paul sold 532,095 shares of the business’s stock. A total of $20,379,238 was realized by selling the stock at an average price of $38.30. This leaves the insider owning 68,654 shares of the company worth $2.81 million. A total of 3.60% of the company’s stock is owned by insiders.
During the past 12 months, DraftKings Inc has had a low of $28.69 and a high of $49.57. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for DKNG is $40.682 and a two-hundred day moving average price translates $38.9867 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2024-09-30. The net profit margin was -9.06% and return on equity was -44.43% for DKNG. The company reported revenue of $1.1 billion for the quarter, compared to $789.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.68 percent.
