A share price of DraftKings Inc [DKNG] is currently trading at $43.97, up 0.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DKNG shares have gain 2.26% over the last week, with a monthly amount glided 23.20%, and seem to be holding up well over a long-time horizon.
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.
DraftKings Inc experienced fluctuations in its stock price throughout the past year between $28.69 and $49.57. Currently, Wall Street analysts expect the stock to reach $47.87 within the next 12 months. DraftKings Inc [NASDAQ: DKNG] shares were valued at $43.97 at the most recent close of the market. An investor can expect a potential return of 8.87% based on the average DKNG price forecast.
Analyzing the DKNG fundamentals
Trailing Twelve Months sales for DraftKings Inc [NASDAQ:DKNG] were 4.61B which represents 38.68% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.17.
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 43.34 points at the first support level, and at 42.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.33, and for the 2nd resistance point, it is at 44.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for DraftKings Inc [NASDAQ:DKNG] is 1.00. As well, the Quick Ratio is 1.00, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 8.41, the price to book ratio is 19.91.
Transactions by insiders
Recent insider trading involved Robins Jason, that happened on Nov 21 ’24 when 3151.0 shares were sold. Officer, Jason Robins – Robins Family L completed a deal on Nov 21 ’24 to buy 3151.0 shares. Meanwhile, Officer Matthew Kalish bought 0.79 million shares on Nov 14 ’24.
