DraftKings Inc. (DKNG): Key fundamentals of DKNG

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DraftKings Inc. (NASDAQ:DKNG) changes shares on Thursday trading session, with a change of 3.38% or $1.1 shares. The trading starts at $32.37 and closed at $32.55 throughout the day. The trading session low price was $32.37 and day high was $34.27 on Thursday, August 06. After the session, the Financial sector daily volume shifted to 6.71 million while its average volume is 13.77M. In other hand, the DKNG market cap reached to $12.30B. While, its current target price is $46.70.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -3.28% and up 1.66% for month. Its quarterly performance was 43.13% above, while its half year performance is up 147.24%. DKNG performance rise 214.49% for year-to-date. Current recommendation for DraftKings Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. DKNG EPS (TTM) for 12-month is 0.06.

Let’s take a look on the analyst recommendations on DKNG for the current month and previous month. For the current month, 10 of 12 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 0 rated it sell, 10 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $25.00 – $60.00. Average target price for DKNG was reached at $45.22.

The insider ownership moved to 10.10% and institutional holding shifted to 25.00%.

The company posted an EPS (TTM) of 0.06. According to the most recent quarter report on (Jun 2020), 8 analysts estimated an average EPS of -0.19. Analyst Estimated EPS for DKNG published in the report was -$0.36 – -$0.1 during the same period.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for DKNG rise 69.02% for period of 200 days. SMA for 50 days was -7.10% which is showing red signal, while SMA-20 was -1.80%. The moving average value for DraftKings Inc. (DKNG) is 12.09M and 5.75% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in DKNG stock. On Jun 23, Levin Woodrow, Director, sold 3,112 trading shares at the cost of $38.80, which valued at 0.12 million. On Jun 23, Levin Woodrow, Director, sold 50,000 shares at the cost of $38.80, with total shares of 229,810. On Jun 23, Liberman Paul, See Remarks, sold 796,348 shares at the cost of 38.80. After this transaction, Liberman Paul total shares reached to 4,286 which valued at 30.9 million.