The stock of DraftKings Inc (NASDAQ:DKNG) last traded at $42.23, down -1.19% from the previous session.
DKNG stock price is now 17.17% away from the 50-day moving average and 8.79% away from the 200-day moving average. The market capitalization of the company currently stands at $37.56B.
With the price target of $50, JP Morgan recently initiated with Overweight rating for DraftKings Inc (NASDAQ: DKNG). On June 04, 2025, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $46, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Dodge R Stanton, Chief Legal Officer sold 158,331 shares of the company’s stock on Jun 18 ’25. The stock was sold for $6,174,909 at an average price of $39.00. Upon completion of the transaction, the Chief Legal Officer now directly owns 504,381 shares in the company, valued at $21.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’25, Officer Dodge R Stanton bought 158,331 shares of the business’s stock. A total of $6,174,909 was incurred on buying the stock at an average price of $39.00. 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 fifty day moving average price for DKNG is $36.0404 and a two-hundred day moving average price translates $38.8165 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.
