DraftKings Inc (NASDAQ:DKNG) shares traded -3.04% lower at $36.07 on Wall Street last session.
DKNG stock price is now 1.72% away from the 50-day moving average and -5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $32.08B.
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, Ellingson Alan Wayne, Chief Financial Officer sold 6,829 shares of the company’s stock on May 16 ’25. The stock was sold for $251,102 at an average price of $36.77. Upon completion of the transaction, the Chief Financial Officer now directly owns 171,268 shares in the company, valued at $6.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’25, Officer Ellingson Alan Wayne bought 6,829 shares of the business’s stock. A total of $251,102 was incurred on buying the stock at an average price of $36.77. A total of 3.71% 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 2.20, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for DKNG is $35.4606 and a two-hundred day moving average price translates $38.34205 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2025-03-31. The net profit margin was -7.97% and return on equity was -46.78% for DKNG. The company reported revenue of $1.41 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.9 percent.
