DraftKings Inc. (DKNG)
- Previous Close
42.21 - Open
42.52 - Bid 41.62 x 300
- Ask 41.65 x 300
- Day's Range
41.30 - 42.53 - 52 Week Range
20.26 - 49.57 - Volume
10,894,714 - Avg. Volume
11,758,382 - Market Cap (intraday)
19.807B - Beta (5Y Monthly) 1.85
- PE Ratio (TTM)
-- - EPS (TTM)
-1.73 - Earnings Date May 2, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
49.79
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. In addition, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. The company is headquartered in Boston, Massachusetts.
www.draftkings.comRecent News: DKNG
Performance Overview: DKNG
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: DKNG
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Statistics: DKNG
Valuation Measures
Market Cap
19.80B
Enterprise Value
19.88B
Trailing P/E
--
Forward P/E
--
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
5.25
Price/Book (mrq)
23.57
Enterprise Value/Revenue
5.42
Enterprise Value/EBITDA
-33.88
Financial Highlights
Profitability and Income Statement
Profit Margin
-21.88%
Return on Assets (ttm)
-12.31%
Return on Equity (ttm)
-74.17%
Revenue (ttm)
3.67B
Net Income Avi to Common (ttm)
-802.14M
Diluted EPS (ttm)
-1.73
Balance Sheet and Cash Flow
Total Cash (mrq)
1.27B
Total Debt/Equity (mrq)
160.19%
Levered Free Cash Flow (ttm)
264.69M
Research Analysis: DKNG
Analyst Price Targets
Fair Value
Analyst Recommendations
Earnings
Research Reports: DKNG
Technical Assessment: Neutral in the Intermediate-Term
When the stock market is in a strong uptrend, pauses, and then finally threatens to pull back, what happens? When there has been institutional selling, better known as "distribution" in the Nasdaq 100, Technology often comes to the rescue after a short break and destroys the bears -- as well as a good number of technicians (hand raised) who expected more giveback.
Analyst Report: DraftKings Inc.
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 24 states (46% of the US population) and iGaming in seven states (11% of US), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
RatingNeutralPrice TargetThe Argus Mid-Cap Model Portfolio
Small- and mid-cap stocks (SMID) have underperformed large-caps over the past 12 months, but may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from global events. As well, the prices of SMID stocks generally are lower than the prices of large-caps. As well, there are long stretches in the record books when SMID stocks have outperformed large-caps. That said, SMID stocks can be risky. The standard deviation for monthly returns was 5.7% for SMID stocks over a 2003-2021 test period, versus 4.3% for large-caps. Still, despite the risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record.
Technical Assessment: Neutral in the Intermediate-Term
The S&P 500 (SPX) and S&P 100 (OEX) closed at minor all-time highs (ATHs) on Tuesday, while the rest of the major indices were near that mark as the relentless push higher continues. The leadership over the past month has shifted from AI and Technology to cyclical sectors -- which is what happens in a strong bull market. Rotation is really starting to gain some footing in 2024 and is critical to a long and enduring uptrend. We have seen addditional cyclical sectors join the party over the past month, as Energy (XLE +8.6%), Materials (XLB +6.8%), and Industrials (XLI +4.5%) have taken some of the load off the Technology gains.