DraftKings Inc.’s stock has had a calm market performance. The 1-year high for the company’s stock was $49.57 on 03/27/24, and the lowest price during the same period was recorded at $25.73 on 10/26/23.
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 -20.52% away from its 52-week high, while its distance from the 52-week low is 53.13%. The stock’s price range for this period has remained between $25.73 and $49.57. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 2.1 million for the day, which was noticeably lower compared to the shares’ average daily volume of 9.15 million over the last three months.
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Financial Performance and Market Capitalization
DraftKings Inc. (DKNG) has experienced a quarterly rise of 5.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.13B 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 37.56, with a change in price of -3.80. Similarly, DraftKings Inc. recorded 9,597,269 in trading volume during the last 100 days, posting a change of -8.78%.
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 1.04. Similarly, the long-term debt-to-equity ratio is also 1.03.
DKNG Stock Stochastic Average
As of today, the raw stochastic average of DraftKings Inc. over the past 50 days is 79.37%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 68.92%. Additionally, the Stochastic %K and %D values for the company were 77.40% and 82.38%, respectively, over the past 20 days.
DKNG Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 11.77%. However, over the last six months, the performance has been stronger by -12.33%. The price of DKNG increased 16.26% over the last 30 days. And in the last five days, it has fallen by -0.58%.
