Draftkings Inc (DKNG)
NASDAQ:DKNG
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DKNG Stock Chart & Stats
$22.82
$0.96(2.57%)
At close: 4:00 PM EST
$22.82
$0.96(2.57%)
Day’s Range― - ―
52-Week Range$20.46 - $48.78
Previous CloseN/A
Volume5.15M
Average Volume (3M)13.12M
Market Cap
$26.69B
Enterprise Value$12.49B
Total Cash (Recent Filing)$999.40M
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)240.9
Beta1.38
Next Earnings
Jul 31, 2026EPS Estimate
0.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.12
Shares Outstanding496,128,800
10 Day Avg. Volume15,823,390
30 Day Avg. Volume13,123,307
Financial Highlights & Ratios
PEG Ratio-34.79
Price to Book (P/B)20.25
Price to Sales (P/S)2.11
P/FCF Ratio19.74
Enterprise Value/Market Cap0.47
Enterprise Value/Revenue1.99
Enterprise Value/Gross Profit4.75
Enterprise Value/Ebitda31.10
Forecast
1Y Price Target
$35.77Price Target Upside56.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering28
EPS Forecast (FY)0.24
Revenue Forecast (FY)$6.78B
Bulls Say, Bears Say
Bulls Say
Free Cash Flow StrengthSustained, sizable free cash flow (~$679M TTM) provides durable funding for product investment, share repurchases and debt reduction. Strong cash conversion reduces reliance on external financing and supports optionality across states and product launches over the next several quarters.
Profitability Inflection And Margin GainsA clear profitability inflection—large EBITDA improvement and recurring positive net income—signals operational leverage and better unit economics. If maintained, expanded margins enable reinvestment in growth initiatives while improving resilience to promotional or regulatory cost pressure.
Predictions Product Shows Rapid Early TractionRapid CAC decline and fast volume scale point to a structurally new revenue stream that can diversify revenues beyond sportsbook/iGaming. If customer economics persist, Predictions could materially raise lifetime value and margins, creating a sustainable, higher‑value product pillar.
Bears Say
Elevated Leverage And Small Equity BaseRelatively high leverage versus a modest equity base constrains financial flexibility. Debt obligations increase vulnerability to slower revenue or margin shocks, limit the pace of M&A or state launches, and could force prioritization between growth investment and balance‑sheet repair.
Thin Profit MarginsDespite recent profit inflection, margins remain narrow, leaving little buffer against higher marketing, promotional intensity or state tax changes. Structural reliance on promotional spend and parlay mix means margins could compress quickly if acquisition costs rise or volume growth slows.
Predictions Regulatory And Execution RiskRapid growth in a novel exchange product invites regulatory oversight and consumer‑protection scrutiny, potentially increasing compliance costs, restricting product features, or slowing rollouts. Execution and trust issues could delay scale benefits and make the program's heavy investments less return‑predictable.
DraftKings News
DKNG FAQ
What was Draftkings Inc’s price range in the past 12 months?
Draftkings Inc lowest stock price was $20.46 and its highest was $48.78 in the past 12 months.
What is Draftkings Inc’s market cap?
Draftkings Inc’s market cap is $26.69B.
When is Draftkings Inc’s upcoming earnings report date?
Draftkings Inc’s upcoming earnings report date is Jul 31, 2026 which is in 47 days.
How were Draftkings Inc’s earnings last quarter?
Draftkings Inc released its earnings results on May 07, 2026. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.003 by $0.037.
Is Draftkings Inc overvalued?
According to Wall Street analysts Draftkings Inc’s price is currently Undervalued.
Does Draftkings Inc pay dividends?
Draftkings Inc does not currently pay dividends.
What is Draftkings Inc’s EPS estimate?
Draftkings Inc’s EPS estimate is 0.14.
How many shares outstanding does Draftkings Inc have?
Draftkings Inc has 496,128,800 shares outstanding.
What happened to Draftkings Inc’s price movement after its last earnings report?
Draftkings Inc reported an EPS of $0.04 in its last earnings report, beating expectations of $0.003. Following the earnings report the stock price went up 1.19%.
Which hedge fund is a major shareholder of Draftkings Inc?
Currently, no hedge funds are holding shares in DKNG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
DraftKings Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$35.77 (56.76% Upside)
$35.77 (56.76% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 70%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 27.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $880.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 0.3%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.64%
12-Months-Change
Fundamentals
Return on Equity
7.88%
Trailing 12-Months
Asset Growth
-4.61%
Trailing 12-Months
Company Description
Draftkings Inc
DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.
DKNG Company Deck
DKNG Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: strong top‑line growth (17% YoY), outsized adjusted EBITDA improvement (64% YoY), margin expansion, and clear early traction in Predictions (rapid CAC declines and fast volume growth). Management reaffirmed FY guidance and highlighted profitable core momentum (Sportsbook strength, April performance, >$500M adjusted EBITDA over six months). Offsets include a planned $200M–$300M investment in Predictions that depresses near‑term EBITDA, deceleration in iGaming growth, moderated customer growth, and regulatory/consumer‑protection risks tied to Predictions. On balance the highlights and demonstrable profitability gains outweigh the headwinds and planned investments, but the Predictions program introduces execution and regulatory uncertainty that warrants monitoring.View all DKNG earnings summariesDKNG Revenue Breakdown
98.10% U.S.
1.90% International
DKNG Stock 12 Month Forecast
Average Price Target
$35.77
▲(56.76% Upside)
Technical Analysis
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Ownership Overview
2.83% Insiders
29.74% Mutual Funds
21.87% Other Institutional Investors
33.63% Public Companies and Individual Investors