DraftKings Inc (NASDAQ:DKNG) shares traded -3.16% lower at $39.84 on Wall Street last session.
DKNG stock price is now 3.88% away from the 50-day moving average and 0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $33.98B.
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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, Matthew Kalish, Officer bought 785,000 shares of the company’s stock on Nov 14 ’24. The stock was bought for $32,875,800 at an average price of $41.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Liberman Paul sold 88,441 shares of the business’s stock. A total of $3,220,250 was realized by selling the stock at an average price of $36.41. This leaves the insider owning 1,923,483 shares of the company worth $76.63 million. 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 $38.3508 and a two-hundred day moving average price translates $39.5514 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.
