At the time of writing, DraftKings Inc. [DKNG] stock is trading at $39.81, up 0.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DKNG shares have gain 8.36% over the last week, with a monthly amount glided 2.13%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
DraftKings Inc. [NASDAQ: DKNG] stock has seen the most recent analyst activity on July 01, 2024, when Oppenheimer reiterated its Outperform rating and also revised its price target to $58 from $60. Previously, Needham reaffirmed its Buy rating on May 06, 2024, and elevated its price target to $60. On April 16, 2024, Goldman initiated with a Buy rating and assigned a price target of $60 on the stock. Needham reiterated its Buy rating and increased its price target to $58 on March 27, 2024. Mizuho initiated its recommendation with a Buy and recommended $58 as its price target on March 26, 2024. Susquehanna reiterated a Positive rating for this stock on March 25, 2024, and upped its price target to $54. In a note dated February 28, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $40 to $49.
For the past year, the stock price of DraftKings Inc. fluctuated between $25.41 and $49.57. Currently, Wall Street analysts expect the stock to reach $46.53 within the next 12 months. DraftKings Inc. [NASDAQ: DKNG] shares were valued at $39.81 at the most recent close of the market. An investor can expect a potential return of 16.88% based on the average DKNG price forecast.
Analyzing the DKNG fundamentals
According to DraftKings Inc. [NASDAQ:DKNG], the company’s sales were 4.07B for trailing twelve months, which represents an 52.67% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.63 and Total Capital is -0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.22 points at the first support level, and at 38.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.21, and for the 2nd resistance point, it is at 40.62.
Ratios To Look Out For
It is important to note that DraftKings Inc. [NASDAQ:DKNG] has a current ratio of 1.34. Further, the Quick Ratio stands at 1.34, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 4.74, the price to book ratio is 22.81.
Transactions by insiders
Recent insider trading involved Liberman Paul, that happened on Jun 25 ’24 when 0.67 million shares were sold. Director, SLOAN HARRY completed a deal on Jun 14 ’24 to sell 0.25 million shares. Meanwhile, Director Moore Jocelyn sold 1403.0 shares on Jun 06 ’24.
