DraftKings Inc (NASDAQ:DKNG) price on current trading day, fall -1.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $37.26.
A look at the stock’s price movement, the level at last check in today’s session was $37.98, moving within a range at $37.1 and $37.82. The beta value (5-Year monthly) was 1.636. Turning to its 52-week performance, $53.61 and $28.69 were the 52-week high and 52-week low respectively. Overall, DKNG moved -2.58% over the past month.
DraftKings Inc’s market cap currently stands at around $33.14 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-May-07.
Analysts have a consensus estimate of 1.39B for the company’s revenue for the quarter, with a low and high estimate of 1.38B and 1.42B respectively. The average forecast suggests up to a 25.66% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.3B, representing a 32.18% jump on that reported in the last financial year.
37 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 26 recommend DKNG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DKNG’s current price about 3.94% and 6.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.82, while 7-day volatility ratio is 1.52% and 2.80% in the 30-day chart. Further, DraftKings Inc (DKNG) has a beta value of 1.64, and an average true range (ATR) of 1.32. Analysts have given the company’s stock an average 52-week price target of $59, forecast between a low of $46 and high of $65. Looking at the price targets, the low is -23.46% off recent price level in today’s trading while to achieve the yearly target high, it has to move -74.45%. Nonetheless, investors will most likely welcome a -58.35% jump to $59 which is the analysts’ median price.
If we refocus on DraftKings Inc (NASDAQ:DKNG), historical trading data shows that trading volumes averaged 10.8 over the past 10 days and 10.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 496.34 million shares.
The 3.73% of DraftKings Inc’s shares are in the hands of company insiders while institutional holders own 83.06% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 26.98 million on 2025-05-30, giving us a short ratio of 2.6. The data shows that as of 2025-05-30 short interest in DraftKings Inc (DKNG) stood at 557.0 of shares outstanding, with shares short falling to 27.8 million registered in 2025-04-30. Current price change has pushed the stock 0.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DKNG stock continues to rise going into the next quarter.
