The price of DraftKings Inc (NASDAQ:DKNG) shares last traded on Wall Street fell -1.14% to $33.79.
DKNG stock price is now -12.38% away from the 50-day moving average and -12.20% away from the 200-day moving average. The market capitalization of the company currently stands at $30.17B.
With the price target reduced from $64 to $52, BTIG Research maintained Buy rating for DraftKings Inc (NASDAQ: DKNG). On January 08, 2025, Susquehanna reiterated its ‘Positive’ rating on the stock by increasing its target price from $56 to quote $54, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Dodge R Stanton, Chief Legal Officer sold 52,777 shares of the company’s stock on Apr 21 ’25. The stock was sold for $1,703,874 at an average price of $32.28. Upon completion of the transaction, the Chief Legal Officer now directly owns 601,520 shares in the company, valued at $20.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 21 ’25, Officer Dodge R Stanton bought 52,777 shares of the business’s stock. A total of $1,703,805 was incurred on buying the stock at an average price of $32.28. 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 $38.5628 and a two-hundred day moving average price translates $38.485 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. For the current quarter, analysts expect DKNG to generate $1.44B in revenue.
