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. At the end of the last regular session, the stock closed at $43.13 and fluctuated between $45.04 as its day high and $44.07 as its day low. The current market capitalization of DraftKings Inc. is $20.43B. A total of 9.07 million shares were traded on the day, compared to an average of 11.41M shares.

In the most recent transaction, Robins Jason sold 200,000 shares of DKNG for 40.91 per share on Apr 22 ’24. After the transaction, the insider now owns 3,043,231 company shares. In a previous transaction on Feb 21 ’24, Robins Jason sold 200,000 shares at 40.89 per share. DKNG shares that the insider owns now total 3,195,812.

Among the insiders who sold shares, Dodge R Stanton disposed of 686,101 shares on Feb 08 ’24 at a per-share price of $43.06. This resulted in the Chief Legal Officer holding 200,239 shares of DKNG after the transaction. In another insider transaction, Robins Jason sold 450,000 shares at $43.06 per share on Feb 08 ’24. Company shares held by the insider now total 3,373,637.

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 $20.26.

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 $1.78, 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 4.72.

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