VIANEWS – DraftKings Inc. shares rose 3.2 percent in premarket trading Wednesday after the gaming and esports firm announced plans to launch DraftKings Marketplace.
DraftKings Marketplace will support secondary market transactions and will issue non-fungible tokens. DraftKings Marketplace, the only distributor for Autograph NFTs (which has licensing agreements with celebrities and athletes to market digital collectibles), will be renamed DraftKings Marketplace.
Shares of DraftKings (DKNG) jumped 5.42% to $48.31 at 12:21 EST on Wednesday, after two sequential sessions in a row of gains. NASDAQ Composite (DKNG) is jumping 0.6% to $14,585.80, following the last session’s upward trend. This seems, up until now, a somewhat up trend trading session today.
DraftKings’s last close was $45.82, 38.4% under its 52-week high of $74.38.
Today’s last reported volume for DraftKings is 9215712 which is 42.09% below its average volume of 15913122.
The company’s growth estimates for the present quarter is a negative 30% and positive 19.4% for the next.
Year-on-year quarterly revenue growth grew by 146.1%, now sitting on 614.53M for the twelve trailing months.
DraftKings’s last week, last month’s, and last quarter’s current volatility was a negative 0.14%, a negative 0.51%, and a positive 2.42%, respectively.
DraftKings’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.47% (last week), 1.76% (last month), and 2.42% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
DraftKings’s stock is considered to be oversold (<=20).
DraftKings’s Stock Yearly Top and Bottom Value
DraftKings’s stock is valued at $48.31 at 12:21 EST, way under its 52-week high of $74.38 and way above its 52-week low of $30.51.
DraftKings’s Moving Average
DraftKings’s value is under its 50-day moving average of $50.19 and way below its 200-day moving average of $55.69.
News about DraftKings (DKNG) today
DraftKings to launch NFT marketplace. According to today’s article on MarketWatch, “DraftKings Marketplace will sit at the center of this technological and cultural phenomenon, providing our immense existing customer base with an easily accessible experience that rivals all legacy marketplaces.” DraftKings stock has tumbled 22.1% over the past three months through Tuesday, while the S&P 500 has gained 3.6%.”, “Shares of DraftKings Inc. shot up 3.2% in premarket trading Wednesday, after the esports and gaming company announced plans to launch DraftKings Marketplace, which will offer non-fungible tokens (NFTs) and will support secondary market transactions. ”
More news about DraftKings (DKNG).