DraftKings Inc. (NASDAQ:DKNG) price is hovering higher on Monday, April 15, jumping 2.08% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $44.22. Taking into account the 52-week price action we note that the stock hit a 52-week high of $49.57 and 52-week low of $18.63. The stock added 7.20% on its value in the past month.
DraftKings Inc., which has a market valuation of $21.38 billion. Analysts tracking DKNG have forecast the quarterly EPS to shrink by -0.28 per share this quarter, while the same analysts predict the annual EPS to hit -$0.14 for the year 2024 and up to $0.78 for 2025. In this case, analysts estimate an annual EPS growth of 91.90% for the year and 657.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.11 billion, with the likely lows of $1.07 billion and highs of $1.16 billion. The average estimate suggests sales growth for the quarter will likely rise by 44.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $4.8 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 31.10% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give DKNG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that DKNG’s price is at present -0.78% off the SMA20 and 3.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.10, with weekly volatility standing at 3.34%. The indicator jumps to 3.99% when calculated based on the past 30 days. DraftKings Inc. (NASDAQ:DKNG)’s beta value is holding at 1.86, while the average true range (ATR) indicator is currently reading 1.77.
An analysis of the DraftKings Inc. (NASDAQ:DKNG) stock in terms of its daily trading volume indicates that the 3-month average is 12.20 million.
Current records show that the company has 472.70M in outstanding shares. The insiders’ percentage holdings are 4.31% of outstanding shares while the percentage share held by institutions stands at 67.86%. But the 28.06% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
