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DraftKings Inc.’s Shares Reel: 26.66% Quarterly Revenue Decline Amid 14.61B Market Cap

DraftKings Inc. (DKNG) has a current stock price of $31.05. During the previous trading session, the stock witnessed a notable rise, reaching a high of $31.59 after opening at $31.35. The stock’s low for the day was $30.60, and it eventually closed at $31.04.

DraftKings Inc. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $34.49 on 08/04/23, while the lowest price during the same period was $10.69 on 12/28/22.

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52-week price history of DKNG Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. DraftKings Inc.’s current trading price is -9.99% away from its 52-week high, while its distance from the 52-week low is 190.31%. The stock’s price range for this period has remained between $10.69 and $34.49. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 2.89 million for the day, which was noticeably lower compared to the shares’ average daily volume of 11.49 million over the last three months.

Financial Performance and Market Capitalization

DraftKings Inc. (DKNG) has experienced a quarterly rise of 26.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.61B and boasts a workforce of 4200 employees.

Analysts’ Ratings For DraftKings Inc.

As of right now, 19 analysts are rating DraftKings Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 12 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 27.15, with a change in price of +10.02. Similarly, DraftKings Inc. recorded 11,849,159 in trading volume during the last 100 days, posting a change of +47.67%.

DKNG Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for DKNG stands at 1.23. Similarly, the long-term debt-to-equity ratio is also 1.23.

DKNG Stock Stochastic Average

As of today, the raw stochastic average of DraftKings Inc. over the last 50 days is at 62.00%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 73.39%. Further, the company’s Stochastic %K and %D values for the last 20 days were 78.38% and 77.80%, respectively.

DKNG Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 172.56% this year. Over the last six months, there has been a weaker performance of 73.73%. The price of DKNG fallen by 17.73% during the last 30 days period. For the last 5-days stocks have slided -2.34%.

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