With 6.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.56 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $36.6498 whereas the lowest price it dropped to was $35.7. The 52-week range on DKNG shows that it touched its highest point at $49.57 and its lowest point at $28.69 during that stretch. It currently has a 1-year price target of $50.15. Beta for the stock currently stands at 1.83.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DKNG was down-trending over the past week, with a drop of -0.87%, but this was down by -3.57% over a month. Three-month performance surged to 20.94% while six-month performance fell -15.82%. The stock gained 8.00% in the past year, while it has gained 3.40% so far this year. A look at the trailing 12-month EPS for DKNG yields -0.87 with Next year EPS estimates of 0.71. For the next quarter, that number is -0.41. This implies an EPS growth rate of 83.84% for this year and 353.58% for next year.
Float and Shares Shorts:
At present, 472.70 million DKNG shares are outstanding with a float of 467.65 million shares on hand for trading. On 2024-10-15, short shares totaled 24.84 million, which was 512.0 higher than short shares on 1726185600. In addition to Mr. Jason D. Robins as the firm’s Co-Founder, Chairman & CEO, Mr. Paul Liberman serves as its Co-Founder, President of Global Technology & Product and Director.
Institutional Ownership:
Through their ownership of 0.73523 of DKNG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, DKNG reported revenue of $1104441000.0 and operating income of -$32388000.0. The EBITDA in the recently reported quarter was $43001000.0 and diluted EPS was $0.12.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DKNG since 37 analysts follow the stock currently. There are 26 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DKNG analysts setting a high price target of 77.0 and a low target of 32.0, the average target price over the next 12 months is 50.0. Based on these targets, DKNG could surge 111.25% to reach the target high and fall by -12.21% to reach the target low. Reaching the average price target will result in a growth of 37.17% from current levels.
Analysts have provided yearly estimates in a range of -$0.15458 being high and -$0.37282 being low. For DKNG, this leads to a yearly average estimate of -$0.28189. The surprise factor in the prior quarter was -$0.28. Based on analyst estimates, the high estimate for the next quarter is $0.42 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.29.
