Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. DraftKings Inc’s current trading price is -17.42% away from its 52-week high, while its distance from the 52-week low is 54.30%. The stock’s price range over this period has fluctuated between $28.69 and $53.61. The company, operating within the financial sector, had a trading volume of approximately 11.8 million for the day, which was noticeably higher than the average daily share volume of 8.99 million over the last 3 months.
DraftKings Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $53.61 on 02/14/25, while the lowest price for the same duration was marked at $28.69 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
DraftKings Inc (DKNG) has experienced a quarterly rise of 2.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 39.09B and boasts a workforce of 5100 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 40.61, with a change in price of +3.91. Similarly, DraftKings Inc recorded 8,988,141 in trading volume during the last 100 days, posting a change of +9.69%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for DKNG stands at 1.32. Similarly, the long-term debt-to-equity ratio is also 1.31.
DKNG Stock Stochastic Average
Today, DraftKings Inc’s raw stochastic average for the past 50 days stands at 47.08%, indicating a rise from the raw stochastic average of the last 20 days, which was 32.56%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 48.13% and 63.35% respectively.
DKNG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 19.01%.However, over the last six months, we can see a weaker performance of 23.25%. Over the last 30 days, the price of DKNG has fallen by 6.65%. And in the last five days, it has fallen by -17.24%.
