In yesterday’s Wall Street session, DraftKings Inc. (NASDAQ:DKNG) shares traded at $38.95, up 1.86% from the previous session.
DKNG stock price is now 10.21% away from the 50-day moving average and -0.27% away from the 200-day moving average. The market capitalization of the company currently stands at $18.91B.
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With the price target maintained at $35, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for DraftKings Inc. (NASDAQ: DKNG). On September 04, 2024, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $56 to quote $58, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Liberman Paul, insider sold 88,441 shares of the company’s stock on Aug 26 ’24. The stock was sold for $3,151,845 at an average price of $35.64. Upon completion of the transaction, the insider now directly owns 2,498,483 shares in the company, valued at $97.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, Officer Liberman Paul bought 88,441 shares of the business’s stock. A total of $3,236,941 was incurred on buying the stock at an average price of $36.60. A total of 3.82% of the company’s stock is owned by insiders.
During the past 12 months, DraftKings Inc. has had a low of $25.73 and a high of $49.57. As of last week, the company has a debt-to-equity ratio of 1.04, a current ratio of 1.11, and a quick ratio of 1.11. The fifty day moving average price for DKNG is $35.37 and a two-hundred day moving average price translates $39.05785 for the stock.
The latest earnings results from DraftKings Inc. (NASDAQ: DKNG) was released for 2024-06-30. The net profit margin was -9.45% and return on equity was -35.09% for DKNG. The company reported revenue of $1.1 billion for the quarter, compared to $874.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.23 percent.
