Over the past three months, DraftKings Inc. [DKNG] ended the trading day at $47.56 and exhibited a change of -7.07% with a 24 hour trading and reached upto the volume of 19.66M compared to its recorded trading volume of 27.15 million. DKNG generated a 1 year amount change with 386.30%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -10.82% with an amount shift of -1.35% over the last month.

On 7, October 2020, DraftKings, eBay, NexTech AR, and Vroom CEO’s Discuss New Mega-Trends in Digital Transformation of Sports Betting, Tradeshows, and Auto Sales.. According to news published on Yahoo Finance, Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Vroom (NASDAQ:VRM) DraftKings (NASDAQ: DKNG) NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) and eBay (NASDAQ:EBAY). Accelerating digital transformation is driving explosive growth opportunities in markets as diverse as sports betting, auto sales, and tradeshows. Wall Street Reporter highlights the latest comments from industry thought leaders:.

Analyst Birdseye View:

The most recent analyst activity for DraftKings Inc. [NASDAQ:DKNG] stock was on October 12, 2020, when it was Initiated with an Outperform rating from Credit Suisse, which also raised its 12-month price target on the stock to $76. Before that, on October 12, 2020, Deutsche Bank Recapitulated a Hold rating and elevated its amount target to $48. On October 08, 2020, Cowen Initiated a Market perform rating and boosted its price target on this stock to $55. On October 01, 2020, Needham Initiated a Buy rating and increased its price target to $70. On September 25, 2020, Argus Initiated a Buy rating and increased its price target to $65. On September 24, 2020, Macquarie Initiated an Outperform rating and boosted its amount on this stock to $65. On September 15, 2020, The Benchmark Company Reiterated a Buy rating and boosted its target amount on this stock from $45 to $57. Wolfe Research elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $9.85 and a peak of $64.19. Right now, the middling Wall Street analyst 12-month amount mark is $60.00. At the most recent market close, shares of DraftKings Inc. [NASDAQ:DKNG] were valued at $47.56. According to the average price forecast, investors can expect a potential return of 10.1%.


Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 45.97 points at 1st support level, the second support level is making up to 44.37. But as of 1st resistance point, this stock is sitting at 50.69 and at 53.81 for 2nd resistance point.

DraftKings Inc. [DKNG] reported its earnings at -$0.4 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.2/share signifying the difference of -0.2 and -100.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were -$0.24 calling estimates for -$0.16/share with the difference of -0.08 depicting the surprise of -50.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for DraftKings Inc. [NASDAQ:DKNG] is 0.20. Now if looking for a valuation of this stock’s showing 864.73 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by MURRAY STEVEN JOSEPH, Director, and it was the sale of 1.55 million shares on Oct 09. Meckenzie Shalom, the Director, completed a sale of 6.95 million shares on Oct 09. On Oct 09, Nada Hany M, Director, completed a sale of 0.95 million shares.