Investing In DraftKings Inc. (NASDAQ: DKNG): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Gambling industry segment. The current market capitalization of DraftKings Inc. is $18.11B. A total of 4.49 million shares were traded on the day, compared to an average of 10.54M shares.

In the most recent transaction, Liberman Paul sold 668,890 shares of DKNG for 38.83 per share on Jun 25 ’24. After the transaction, the insider now owns 205,962 company shares. In a previous transaction on Jun 14 ’24, SLOAN HARRY sold 250,000 shares at 38.15 per share. DKNG shares that Director owns now total 250,000.

Among the insiders who sold shares, Moore Jocelyn disposed of 1,403 shares on Jun 06 ’24 at a per-share price of $36.66. This resulted in the Director holding 5,411 shares of DKNG after the transaction. In another insider transaction, Moore Jocelyn sold 1,450 shares at $35.92 per share on Jun 05 ’24. Company shares held by the Director now total 6,814.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, DKNG has a high of $49.57 and a low of $24.97.

As of this writing, DKNG has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 21.0 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.17 in the last quarter

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DKNG’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $1.32B in debt and $929.42M in liabilities at the time. Its Book Value Per Share was $1.75, while its Total Shareholder’s Equity was $1.68B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DKNG is Buy with a score of 4.67.

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