DraftKings Inc. (NASDAQ:DKNG) traded at $43.37 at last check on Monday, April 29, made an upward move of 0.56% on its previous day’s price.
Looking at the stock we see that its previous close was $43.13. In terms of its 52-week price range, DKNG has a high of $49.57 and a low of $20.26. The company’s stock has lost about -4.49% over that past 30 days.
DraftKings Inc. has a market cap of $20.54 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.28, with the EPS growth for the year raised at -$0.14 for 2024 and $0.8 for next year. These figures represent 91.90% and 671.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.12 billion, with a low of $1.09 billion and a high of $1.17 billion. The median projection represents growth squeezing down to 45.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.81 billion, or 31.20% up from figures reported last year.
On the other hand, looking at the outlook for the DKNG stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is -0.61% off its SMA20 and -0.34% from its 50-day simple moving average. The RSI (14) is pointing at 50.77 while the volatility over the past week is 3.99% and jumps to 4.06% over the past one month. The beta value is 1.86, while the average true range (ATR) is currently pointing at 1.81.
Coming back to DraftKings Inc. (NASDAQ:DKNG), we note that the average 3-month trading volume was 11.44 million. Current shares outstanding are 472.70 million.
The insiders hold 4.31% of the company’s shares while institutions hold 67.33%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 23.04% up in year-to-date price movement.
