The price of DraftKings Inc (NASDAQ:DKNG) shares last traded on Wall Street fell -3.98% to $42.51.
DKNG stock price is now 2.50% away from the 50-day moving average and 8.72% away from the 200-day moving average. The market capitalization of the company currently stands at $37.54B.
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 666,651 shares of the company’s stock on Feb 25 ’25. The stock was sold for $28,281,279 at an average price of $42.42. Upon completion of the transaction, the insider now directly owns 3,336,195 shares in the company, valued at $141.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, See Remarks Liberman Paul sold 567,196 shares of the business’s stock. A total of $25,480,914 was realized by selling the stock at an average price of $44.92. This leaves the insider owning 666,388 shares of the company worth $28.33 million. A total of 3.62% 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 $1.39 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.15 percent. For the current quarter, analysts expect DKNG to generate $1.55B in revenue.
