It’s Not Over Yet For DraftKings Inc. (NASDAQ: DKNG)

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

DraftKings Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Gambling industry. The current market capitalization of DraftKings Inc. is $16.58B. A total of 13.74 million shares were traded on the day, compared to an average of 10.34M shares.

In the most recent transaction, Robins Jason sold 200,000 shares of DKNG for 30.72 per share on Aug 08 ’24. After the transaction, the insider now owns 2,699,815 company shares. In a previous transaction on Aug 08 ’24, Robins Jason bought 200,000 shares at 30.46 per share.

Among the insiders who sold shares, Liberman Paul disposed of 63,206 shares on Jul 15 ’24 at a per-share price of $39.00. This resulted in the insider holding 1,716,406 shares of DKNG after the transaction. In another insider transaction, Liberman Paul sold 668,890 shares at $38.83 per share on Jun 25 ’24. Company shares held by the insider now total 205,962.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, DKNG has a high of $49.57 and a low of $25.41.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $2.67, while its Total Shareholder’s Equity was $1.68B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.68.

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