Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. DraftKings Inc’s current trading price is 6.48% away from its 52-week high, while its distance from the 52-week low is 83.97%. The stock’s price range during this period has varied between $28.69 and $49.57. The company, active in the Consumer Cyclical sector, saw a trading volume of around 16.52 million for the day, considerably higher average daily volume of 7.85 million observed over the last three months.
DraftKings Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $49.57 on 02/14/25, and the lowest price during the same period was recorded at $28.69 on 08/05/24.
How Financial Performance Impacts Market Capitalization
DraftKings Inc (DKNG) has experienced a quarterly rise of 26.54% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 46.48B and boasts a workforce of 4400 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.19, with a change in price of +12.48. Similarly, DraftKings Inc recorded 8,399,544 in trading volume during the last 100 days, posting a change of +31.77%.
How DKNG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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 99.12%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 98.91%. Additionally, the Stochastic %K and %D values for the company were 96.77% and 94.24%, 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. Year to date metric has recorded a gain of 41.88%.However, over the last six months, we can see a weaker performance of 64.63%. Over the last 30 days, the price of DKNG has fallen by 36.32%. And in the last five days, it has surged by 24.84%.
