DraftKings Inc.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $49.57 on 03/27/24, and the lowest price during that time was $25.41, recorded on 08/18/23.
52-week price history of DKNG Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. DraftKings Inc.’s current trading price is -26.69% away from its 52-week high, while its distance from the 52-week low is 43.01%. The stock’s price range during this period has fluctuated between $25.41 and $49.57. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 1.92 million for the day, which was evidently lower than the average daily volume of 9.89 million over the last three months.
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Financial Performance and Market Capitalization
DraftKings Inc. (DKNG) has experienced a quarterly decline of -15.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.61B and boasts a workforce of 4400 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 41.12, with a change in price of -6.20. Similarly, DraftKings Inc. recorded 9,888,870 in trading volume during the last 100 days, posting a change of -14.56%.
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 1.62. Similarly, the long-term debt-to-equity ratio is also 1.60.
DKNG Stock Stochastic Average
The raw stochastic average for DraftKings Inc. over the last 50 days is presently at 16.95%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 23.57%. Further, the company’s Stochastic %K and %D values for the last 20 days were 18.29% and 16.73%, 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. This year’s metric has recorded a Price increase of 3.09%. However, over the past six months, we’ve seen a stronger performance of -5.56%. The price of DKNG leaped by -2.07% over the last 30 days. And in the last five days, it has fallen by -1.36%.
