DraftKings Inc. (NASDAQ: DKNG) Could Achieve Gains In The Near Future

After Hours

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.

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Stocks Info

DraftKings Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Gambling industry. The current market capitalization of DraftKings Inc. is $16.71B. A total of 7.26 million shares were traded on the day, compared to an average of 10.45M 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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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