In terms of market performance, DraftKings Inc. had a somewhat regular. The highest value for the stock in the past year was $49.57 on 03/27/24, while the lowest value was $25.73 on 10/26/23.
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 -25.04% away from its 52-week high, while its distance from the 52-week low is 44.42%. The stock’s price range during this period has fluctuated between $25.73 and $49.57. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 11.85 million for the day, which was evidently higher than the average daily volume of 8.94 million over the last three months.
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Financial Performance and Market Capitalization
DraftKings Inc. (DKNG) has experienced a quarterly decline of -1.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.04B 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 36.89, with a change in price of +1.20. Similarly, DraftKings Inc. recorded 9,206,965 in trading volume during the last 100 days, posting a change of +3.34%.
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
DraftKings Inc.’s raw stochastic average for the past 50 days is currently at 60.45%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 14.31%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 24.24% and 19.88%, 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 metric has seen a significant gain of 5.42% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -8.36%. Over the past 30 days, the price of DKNG has leaped by -5.40%. And in the last five days, it has fallen by -2.03%.
