The Street Is Finally Waking Up To 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.

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 $34.78B. A total of 10.98 million shares were traded on the day, compared to an average of 8.42M shares.

In the most recent transaction, Liberman Paul sold 200,000 shares of DKNG for 39.00 per share on Jan 10 ’25. After the transaction, the insider now owns 1,342,722 company shares. In a previous transaction on Dec 26 ’24, Liberman Paul sold 532,095 shares at 38.30 per share. DKNG shares that the insider owns now total 68,654.

Among the insiders who bought shares, Liberman Paul acquired of 732,095 shares on Dec 26 ’24 at a per-share price of $38.17. In another insider transaction, Dodge R Stanton sold 228,496 shares at $42.74 per share on Dec 09 ’24. Company shares held by the Chief Legal Officer now total 541,884.

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 $28.69.

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 $2.21, 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 4.74.

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