Stocks of DraftKings Inc (NASDAQ:DKNG) traded higher last session on Wall Street, up 7.68% to $43.21.
DKNG stock price is now 14.21% away from the 50-day moving average and 9.31% away from the 200-day moving average. The market capitalization of the company currently stands at $39.08B.
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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, Liberman Paul, insider sold 88,441 shares of the company’s stock on Oct 25 ’24. The stock was sold for $3,220,250 at an average price of $36.41. Upon completion of the transaction, the insider now directly owns 1,923,483 shares in the company, valued at $83.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Officer Liberman Paul bought 88,441 shares of the business’s stock. A total of $3,269,664 was incurred on buying the stock at an average price of $36.97. 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 $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 $37.6606 and a two-hundred day moving average price translates $39.5044 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.
