DraftKings Inc (NASDAQ:DKNG) shares traded -0.70% lower at $41.30 on Wall Street last session.
DKNG stock price is now -0.89% away from the 50-day moving average and 5.69% away from the 200-day moving average. The market capitalization of the company currently stands at $36.47B.
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, Matthew Kalish, Officer bought 210,000 shares of the company’s stock on Mar 04 ’25. The stock was bought for $8,673,000 at an average price of $41.30. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer Matthew Kalish bought 210,000 shares of the business’s stock. A total of $8,733,900 was incurred on buying the stock at an average price of $41.59. A total of 4.04% 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.
