Stocks of DraftKings Inc. (NASDAQ:DKNG) traded higher last session on Wall Street, up 0.55% to $38.14.
DKNG stock price is now 5.14% away from the 50-day moving average and -3.01% away from the 200-day moving average. The market capitalization of the company currently stands at $18.52B.
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With the price target enhanced from $48 to $50, Susquehanna maintained Positive rating for DraftKings Inc. (NASDAQ: DKNG). On September 10, 2024, Exane BNP Paribas Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $35, while ‘UBS’ rates the stock as ‘Buy’
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 $5.24 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 3.68% 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 $36.2754 and a two-hundred day moving average price translates $39.32175 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.
