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 $28.69 on 08/05/24.
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 -13.58% away from its 52-week high, while its distance from the 52-week low is 49.32%. The stock’s price range for this period has remained between $28.69 and $49.57. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 7.2 million for the day, which was noticeably lower compared to the shares’ average daily volume of 8.24 million over the last three months.
Financial Performance and Market Capitalization
DraftKings Inc (DKNG) has experienced a quarterly rise of 12.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 37.73B 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 39.87, with a change in price of +4.60. Similarly, DraftKings Inc recorded 8,216,010 in trading volume during the last 100 days, posting a change of +12.03%.
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 1.25. Similarly, the long-term debt-to-equity ratio is also 1.24.
DKNG Stock Stochastic Average
As of today, the raw stochastic average of DraftKings Inc over the past 50 days is 69.42%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 92.97%. Additionally, the Stochastic %K and %D values for the company were 87.73% and 85.30%, respectively, over the past 20 days.
DKNG Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded an increase of 15.16%. However, over the last six months, the performance has been weaker by 40.28%. The price of DKNG increased 11.71% over the last 30 days. And in the last five days, it has surged by 3.50%.
