DraftKings Inc. [DKNG] stock is trading at $38.95, up 1.86%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DKNG shares have gain 6.39% over the last week, with a monthly amount glided 14.09%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
DraftKings Inc. [NASDAQ: DKNG] stock has seen the most recent analyst activity on September 10, 2024, when Exane BNP Paribas upgraded its rating to a Neutral but kept the price target unchanged to $35 for it. Previously, UBS reaffirmed its Buy rating on September 04, 2024, and elevated its price target to $58. On September 04, 2024, Susquehanna reiterated its Positive rating and revised its price target to $48 on the stock. Oppenheimer reiterated its Outperform rating and decreased its price target to $58 on July 01, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $60 on May 06, 2024. Goldman started tracking with a Buy rating for this stock on April 16, 2024, and assigned it a price target of $60. In a note dated March 27, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $54 to $58.
DraftKings Inc. [DKNG] stock has fluctuated between $25.73 and $49.57 over the past year. Currently, Wall Street analysts expect the stock to reach $46.71 within the next 12 months. DraftKings Inc. [NASDAQ: DKNG] shares were valued at $38.95 at the most recent close of the market. An investor can expect a potential return of 19.92% based on the average DKNG price forecast.
Analyzing the DKNG fundamentals
DraftKings Inc. [NASDAQ:DKNG] reported sales of 4.30B for the trailing twelve months, which represents a growth of 26.23%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.43 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
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 38.44 points at the first support level, and at 37.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.38, and for the 2nd resistance point, it is at 39.82.
Ratios To Look Out For
For context, DraftKings Inc.’s Current Ratio is 1.11. In addition, the Quick Ratio stands at 1.11 and the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 4.40, the price to book ratio is 14.56.
Transactions by insiders
Recent insider trading involved Liberman Paul, that happened on Aug 26 ’24 when 88441.0 shares were sold. Officer, Liberman Paul completed a deal on Aug 26 ’24 to buy 88441.0 shares. Meanwhile, Robins Jason sold 0.2 million shares on Aug 21 ’24.
