DraftKings Inc. (NASDAQ:DKNG) shares traded -1.42% lower at $40.36 on Wall Street last session.
DKNG stock price is now 13.38% away from the 50-day moving average and 3.08% away from the 200-day moving average. The market capitalization of the company currently stands at $19.60B.
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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 643,654 shares of the company’s stock on Sep 25 ’24. The stock was sold for $26,545,315 at an average price of $41.24. Upon completion of the transaction, the insider now directly owns 137,308 shares in the company, valued at $5.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25 ’24, Officer Liberman Paul bought 643,654 shares of the business’s stock. A total of $26,396,251 was incurred on buying the stock at an average price of $41.01. 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 $35.6718 and a two-hundred day moving average price translates $39.1733 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.
