While DraftKings Inc has underperformed by -0.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DKNG fell by -19.15%, with highs and lows ranging from $53.61 to $28.69, whereas the simple moving average fell by -13.60% in the last 200 days.
On April 22, 2025, BTIG Research Reiterated DraftKings Inc (NASDAQ: DKNG) to Buy. A report published by Susquehanna on January 08, 2025, Reiterated its previous ‘Positive’ rating for DKNG. Mizuho also reiterated DKNG shares as ‘Outperform’, quoting a target price of $62 on the company’s shares in a report dated October 18, 2024. Susquehanna Reiterated the rating as Positive on October 07, 2024, but set its price target from $48 to $50. Exane BNP Paribas September 10, 2024d its ‘Underperform’ rating to ‘Neutral’ for DKNG, as published in its report on September 10, 2024. UBS’s report from September 04, 2024 suggests a price prediction of $58 for DKNG shares, giving the stock a ‘Buy’ rating. Susquehanna also rated the stock as ‘Positive’.
Analysis of DraftKings Inc (DKNG)
Further, the quarter-over-quarter increase in sales is 13.15%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of DraftKings Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -54.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.93, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and DKNG is recording an average volume of 11.65M. On a monthly basis, the volatility of the stock is set at 6.10%, whereas on a weekly basis, it is put at 3.79%, with a loss of -0.75% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.34, showing growth from the present price of $33.22, which can serve as yet another indication of whether DKNG is worth investing in or should be passed over.
How Do You Analyze DraftKings Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.88%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DKNG shares are owned by institutional investors to the tune of 78.90% at present.
