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DraftKings (DKNG)
NASDAQ:DKNG
DraftKings (DKNG) Stock Price & Analysis
10,412 Followers
DKNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$20.26 - $49.57
Previous Close$42.21
Volume10.90M
Average Volume (3M)11.82M
Market Cap
$36.58B
Enterprise Value$36.66B
Total Cash (Recent Filing)$1.27B
Total Debt (Recent Filing)$1.35B
Price to Earnings (P/E)-24.2
Beta2.51
Next Earnings
May 02, 2024EPS Estimate
-$0.29Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.74
Shares Outstanding866,633,479
10 Day Avg. Volume9,750,360
30 Day Avg. Volume11,821,455
Standard Deviation0.25
R-Squared0.16
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)-52.87
Price to Sales (P/S)16.24
Price to Cash Flow (P/CF)135.10
P/FCF Ratio189.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.00
Enterprise Value/Gross Profit26.69
Enterprise Value/Ebitda-72.26
Forecast
1Y Price Target
$52.15Price Target Upside25.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering28
DraftKings News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceDraftKings is expected to compound revenue at 20%+ benefiting from growth in existing states and future state legalizations.
Operational EfficiencyThe CEO appears keen on relying on more computer automation across all aspects of the business, particularly AI, which should benefit revenue and efficiency.
ValuationDraftKings trades at a growth adjusted revenue multiple lower than its historical average, suggesting undervaluation.
Bears Say
Financial PerformanceDraftKings reported 4Q23 revenue and Adj. EBITDA below consensus estimates and the firm's 4Q23 outlook.
Regulatory ChallengesShares of online gaming stocks fell following headlines on college player prop bets and potential Federal oversight of problem gaming.
TaxationA proposal for higher online taxes in New Jersey could directly impact profitability for gaming companies.
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Ownership Overview
2.95% Insiders
21.25% Mutual Funds
16.26% Other Institutional Investors
59.54% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by DraftKings
Desktop Users
Mobile Users
DKNG FAQ
What was DraftKings’s price range in the past 12 months?
DraftKings lowest stock price was $20.26 and its highest was $49.57 in the past 12 months.
What is DraftKings’s market cap?
Currently, no data Available
When is DraftKings’s upcoming earnings report date?
DraftKings’s upcoming earnings report date is May 02, 2024 which is in 13 days.
How were DraftKings’s earnings last quarter?
DraftKings released its earnings results on Feb 15, 2024. The company reported -$0.1 earnings per share for the quarter, missing the consensus estimate of $0.082 by -$0.182.
Is DraftKings overvalued?
According to Wall Street analysts DraftKings’s price is currently Undervalued.
Does DraftKings pay dividends?
DraftKings does not currently pay dividends.
What is DraftKings’s EPS estimate?
DraftKings’s EPS estimate is -$0.29.
How many shares outstanding does DraftKings have?
DraftKings has 473,619,540 shares outstanding.
What happened to DraftKings’s price movement after its last earnings report?
DraftKings reported an EPS of -$0.1 in its last earnings report, missing expectations of $0.082. Following the earnings report the stock price went up 0.247%.
Which hedge fund is a major shareholder of DraftKings?
Among the largest hedge funds holding DraftKings’s share is ARK Investment Management LLC. It holds DraftKings’s shares valued at 434M.
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DraftKings Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$52.15 (25.24% Upside)
$52.15 (25.24% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 1.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
116.57%
12-Months-Change
Fundamentals
Return on Equity
-74.17%
Trailing 12-Months
Asset Growth
-2.36%
Trailing 12-Months
Company Description
DraftKings
DraftKings is a leading gaming and digital sports entertainment company. It offers a wide range of online products, including sports betting (known as "Sportsbook"), online casino games ("iGaming"), and daily fantasy sports ("DFS"). Additionally, it provides retail sportsbook services, media content, and various consumer products. It also designs and develops software for sports betting and casino gaming.
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DKNG Company Deck
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DKNG Earnings Call
Q4 2024
0:00 / 0:00
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DKNG Revenue Breakdown
97.05% Online gaming
0.82% Gaming software
2.13% Other
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DKNG Stock 12 Months Forecast
Average Price Target
$52.15
▲(25.24% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
11/11 ratings generated profit
1 Year Average Return
+62.25%
assigned a buy rating 2 months ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +62.25% per trade.
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