DraftKings (DKNG) Upgraded by Zacks Investment Research to Buy

DraftKings stock has undergone multiple analysts rating changes in the recent past.  DraftKings Upgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of DraftKings traded up $0.97 on Monday, reaching $48.88. 10683238 shares of the stock traded hands, compared to its average volume of 12405332. Shares of DraftKings were trading at $48.88 on Monday. The firm’s 50 day moving average is $54.40 and its 200 day moving average is $54.84.DraftKings has a 12 month low of $48.39 and a 12 month high of $74.38. While on yearly highs and lows, DraftKings’s today has traded high as $49.93 and has touched $48.39 on the downward trend. See More Analyst Rating at: RATING

DraftKings Earnings and What to expect: 

DraftKings last posted its earnings results on August 6th, 2021. The reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.15. The business earned $297.61 million during the quarter, compared to analyst estimates of $240.84 million. DraftKings has generated ($2.76) earnings per share over the last year (($3.30) diluted earnings per share). Earnings for DraftKings are expected to grow in the coming year, from ($3.18) to ($2.72) per share. DraftKings has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, November 12th, 2021 based off prior year’s report dates.

Earnings for DraftKings are expected to grow in the coming year, from ($3.18) to ($2.72) per share. The P/E ratio of DraftKings is -14.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of DraftKings is -14.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. DraftKings has a P/B Ratio of 7.27. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

DraftKings (DKNG) Moving Average Technical Analysis

5 day Moving Average is $48.89 And 5 day price change is $0.42 (0.87%)  with average volume for 5 day average is 10,292,580. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $52.30 and 20 day price change is -$11.58 (-19.15%) and average 20 day moving volume is 12,793,180. 50 day moving average is $54.40  and 50 day price change is $0.38 ( 0.78%)  and with average volume for 50 days is : 12,679,636. 200 day moving average is $54.84  and 200 day price change is -$5.01 (-9.30%)  and with average volume for 200 days is : 14,822,688.

Other owners latest trading in DraftKings :

  • On 10/8/2021 shares held by Marks Wealth LLC were 6,359 which equates to market value of $0.31M and appx 0.10% owners of DraftKings
  • On 10/8/2021 shares held by Creative Financial Designs Inc. ADV were 3,019 which equates to market value of $0.15M and appx 0.00% owners of DraftKings
  • On 10/8/2021 shares held by Modus Advisors LLC were 4,577 which equates to market value of $0.22M and appx 0.10% owners of DraftKings
  • In total Institutional ownership equates to Institutional Ownership Percentage: 61.91% for DraftKings

See More Analyst Rating at: RATING