DraftKings Inc. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $49.57 on 03/27/24, while the lowest price for the same period was registered at $25.41 on 10/26/23.
52-week price history of DKNG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. DraftKings Inc.’s current trading price is -30.58% away from its 52-week high, while its distance from the 52-week low is 35.42%. The stock’s price range during the 52-week period has remained between $25.41 and $49.57. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 7.26 million for the day, which was evidently lower than the average daily volume of 10.45 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
DraftKings Inc. (DKNG) has experienced a quarterly decline of -22.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.71B and boasts a workforce of 4400 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 39.42, with a change in price of -14.27. Similarly, DraftKings Inc. recorded 10,342,783 in trading volume during the last 100 days, posting a change of -29.31%.
Examining DKNG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for DKNG stands at 1.04. Similarly, the long-term debt-to-equity ratio is also 1.03.
DKNG Stock Stochastic Average
DraftKings Inc.’s raw stochastic average for the past 50 days is presently 35.91%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 62.75%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 60.78% and 50.24%, respectively.
DKNG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -2.38% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -22.80%. Over the past 30 days, the price of DKNG has leaped by -6.82%. And in the last five days, it has surged by 15.28%.
