The stock of DraftKings Inc (NASDAQ:DKNG) last traded at $34.32, up 1.75% from the previous session.
DKNG stock price is now -1.63% away from the 50-day moving average and -10.91% away from the 200-day moving average. The market capitalization of the company currently stands at $30.52B.
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 Jun 02 ’25. The stock was sold for $1,767,549 at an average price of $33.49. Upon completion of the transaction, the Chief Legal Officer now directly owns 516,563 shares in the company, valued at $17.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’25, Director Moore Jocelyn sold 3,136 shares of the business’s stock. A total of $110,638 was realized by selling the stock at an average price of $35.28. This leaves the insider owning 5,947 shares of the company worth $0.2 million. A total of 3.72% 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 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.
