In yesterday’s Wall Street session, DraftKings Inc (NASDAQ:DKNG) shares traded at $40.72, up 3.77% from the previous session.
DKNG stock price is now 1.67% away from the 50-day moving average and 2.90% away from the 200-day moving average. The market capitalization of the company currently stands at $35.86B.
With the price target enhanced from $54 to $62, Mizuho maintained Outperform rating for DraftKings Inc (NASDAQ: DKNG). On October 07, 2024, Susquehanna reiterated its ‘Positive’ rating on the stock by increasing its target price from $48 to quote $50, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Dodge R Stanton, Chief Legal Officer sold 228,496 shares of the company’s stock on Dec 09 ’24. The stock was sold for $9,765,919 at an average price of $42.74. Upon completion of the transaction, the Chief Legal Officer now directly owns 541,884 shares in the company, valued at $22.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Officer Robert Stanton Dodge bought 500,000 shares of the business’s stock. A total of $21,895,000 was incurred on buying the stock at an average price of $43.79. A total of 3.73% 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 $49.57. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for DKNG is $39.9908 and a two-hundred day moving average price translates $39.59365 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2024-09-30. The net profit margin was -9.06% and return on equity was -44.43% for DKNG. The company reported revenue of $1.1 billion for the quarter, compared to $789.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.68 percent.
