The stock of DraftKings Inc (NASDAQ:DKNG) last traded at $37.87, up 2.38% from the previous session.
DKNG stock price is now -9.27% away from the 50-day moving average and -2.66% away from the 200-day moving average. The market capitalization of the company currently stands at $33.44B.
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With the price target reduced from $56 to $54, Susquehanna maintained Positive rating for DraftKings Inc (NASDAQ: DKNG). On October 18, 2024, Mizuho reiterated its ‘Outperform’ rating on the stock by increasing its target price from $54 to quote $62, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Robins Jason, Officer bought 715,551 shares of the company’s stock on Mar 14 ’25. The stock was bought for $26,833,162 at an average price of $37.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, Officer Dodge R Stanton bought 52,777 shares of the business’s stock. A total of $1,985,344 was incurred on buying the stock at an average price of $37.62. A total of 4.04% 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 $53.61. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 0.93, and a quick ratio of 0.93. The fifty day moving average price for DKNG is $41.7384 and a two-hundred day moving average price translates $38.90495 for the stock.
The latest earnings results from DraftKings Inc (NASDAQ: DKNG) was released for 2024-12-31. The net profit margin was -10.64% and return on equity was -54.81% for DKNG. The company reported revenue of $1.39 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.15 percent.
