The price of DraftKings Inc (NASDAQ:DKNG) shares last traded on Wall Street fell -3.26% to $37.68.
DKNG stock price is now -9.98% away from the 50-day moving average and -3.40% away from the 200-day moving average. The market capitalization of the company currently stands at $33.27B.
With the price target reduced from $56 to $54, Susquehanna maintained Positive rating for DraftKings Inc (NASDAQ: DKNG). On October 18, 2024, Mizuho reiterated its ‘Outperform’ rating on the stock by increasing its target price from $54 to quote $62, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Liberman Paul, Officer bought 643,654 shares of the company’s stock on Mar 25 ’25. The stock was bought for $26,067,987 at an average price of $40.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Chief Legal Officer Dodge R Stanton sold 52,777 shares of the business’s stock. A total of $2,058,303 was realized by selling the stock at an average price of $39.00. This leaves the insider owning 653,843 shares of the company worth $24.64 million. A total of 4.02% 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 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.
