DraftKings Inc [DKNG] stock prices are up 0.86% to $39.83 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 6.36% over the last week, with a monthly amount drifted -4.48%, and not 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 January 08, 2025, when Susquehanna reiterated its Positive rating and also revised its price target to $54 from $56. Previously, Mizuho reaffirmed its Outperform rating on October 18, 2024, and elevated its price target to $62. On October 07, 2024, Susquehanna reiterated its Positive rating and revised its price target to $50 on the stock. Exane BNP Paribas upgraded its rating to a Neutral but stick to its price target of $35 on September 10, 2024. UBS reiterated its recommendation of a Buy and raised its price target to $58 on September 04, 2024. Susquehanna reiterated a Positive rating for this stock on September 04, 2024, and upped its price target to $48. In a note dated July 01, 2024, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $60 to $58.
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 $47.62 within the next 12 months. DraftKings Inc [NASDAQ: DKNG] shares were valued at $39.83 at the most recent close of the market. An investor can expect a potential return of 19.56% 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. 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 39.00 points at the first support level, and at 38.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.30, and for the 2nd resistance point, it is at 40.77.
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 7.62, the price to book ratio is 18.03.
Transactions by insiders
Recent insider trading involved Liberman Paul, that happened on Jan 10 ’25 when 0.2 million shares were sold., Liberman Paul completed a deal on Dec 26 ’24 to sell 0.53 million shares. Meanwhile, Officer Liberman Paul bought 0.73 million shares on Dec 26 ’24.
