Stocks of DraftKings Inc (NASDAQ:DKNG) traded higher last session on Wall Street, down -3.74% to $51.49.
DKNG stock price is now 25.03% away from the 50-day moving average and 32.00% away from the 200-day moving average. The market capitalization of the company currently stands at $45.46B.
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, Robins Jason, insider sold 200,000 shares of the company’s stock on Feb 12 ’25. The stock was sold for $9,000,000 at an average price of $45.00. Upon completion of the transaction, the insider now directly owns 2,678,613 shares in the company, valued at $137.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Officer Robins Jason bought 200,000 shares of the business’s stock. A total of $9,000,980 was incurred on buying the stock at an average price of $45.00. A total of 3.66% 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 $53.61. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 0.93, and a quick ratio of 0.93.
The net profit margin was -10.64% and return on equity was -54.81% 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.
