In Tuesday’s Wall Street session, DraftKings Inc (NASDAQ:DKNG) shares traded at $31.89, down -3.01% from the previous session.
DKNG stock price is now -21.48% away from the 50-day moving average and -17.65% away from the 200-day moving average. The market capitalization of the company currently stands at $28.48B.
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 643,654 shares of the company’s stock on Mar 25 ’25. The stock was sold for $25,071,608 at an average price of $38.95. Upon completion of the transaction, the insider now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’25, Officer Liberman Paul bought 643,654 shares of the business’s stock. A total of $26,067,987 was incurred on buying the stock at an average price of $40.50. A total of 3.89% 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 fifty day moving average price for DKNG is $40.6164 and a two-hundred day moving average price translates $38.72655 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2024-12-31. 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.
