A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. DraftKings Inc’s current trading price is -24.31% away from its 52-week high, while its distance from the 52-week low is 41.44%. The stock’s price range for this time frame has been between $28.69 and $53.61. The trading volume of the company’s shares in the Consumer Cyclical reached around 8.15 million for the day, which was evidently lower than the average daily volume of 10.64 million 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 $53.61 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 25.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 36.09B and boasts a workforce of 5100 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
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 2.20. Similarly, the long-term debt-to-equity ratio is also 2.19.
DKNG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 9.85%. However, over the past six months, we’ve seen a weaker performance of 9.09%. The price of DKNG fallen by 16.48% over the last 30 days. And in the last five days, it has fallen by -5.39%.
