DraftKings Inc [DKNG] stock prices are up 2.03% to $43.21 at the moment. 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 3.60% over the last week, with a monthly amount glided 16.28%, 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 October 18, 2024, when Mizuho reiterated its Outperform rating and also boosted its price target to $62 from $54. Previously, Susquehanna reaffirmed its Positive rating on October 07, 2024, and elevated its price target to $50. On September 10, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $35 on the stock. UBS reiterated its Buy rating and increased its price target to $58 on September 04, 2024. Susquehanna reiterated its recommendation of a Positive and raised its price target to $48 on September 04, 2024. Oppenheimer reiterated a Outperform rating for this stock on July 01, 2024, and downed its price target to $58. In a note dated May 06, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $58 to $60.
The stock price of DraftKings Inc [DKNG] has been fluctuating between $28.69 and $49.57 over the past year. Currently, Wall Street analysts expect the stock to reach $47.87 within the next 12 months. DraftKings Inc [NASDAQ: DKNG] shares were valued at $43.21 at the most recent close of the market. An investor can expect a potential return of 10.78% based on the average DKNG price forecast.
Analyzing the DKNG fundamentals
The DraftKings Inc [NASDAQ:DKNG] reported sales of 4.61B for trailing twelve months, representing a surge of 38.68%. Gross Profit Margin for this corporation currently stands at 0.38% 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 -0.41 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
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 42.21 points at the first support level, and at 41.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.75, and for the 2nd resistance point, it is at 44.30.
Ratios To Look Out For
It’s worth pointing out that DraftKings Inc [NASDAQ:DKNG]’s Current Ratio is 1.00. In addition, the Quick Ratio stands at 1.00 and the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 8.26, the price to book ratio is 19.56.
Transactions by insiders
Recent insider trading involved Matthew Kalish, Officer, that happened on Nov 14 ’24 when 0.79 million shares were purchased., Liberman Paul completed a deal on Oct 25 ’24 to sell 88441.0 shares. Meanwhile, Officer Liberman Paul bought 88441.0 shares on Oct 25 ’24.
