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DraftKings (DKNG)
NASDAQ:DKNG
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DKNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.73 - $49.57
Previous Close$38.07
Volume3.51M
Average Volume (3M)9.34M
Market Cap
$34.26B
Enterprise Value$33.98B
Total Cash (Recent Filing)$815.88M
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta2.72
Next Earnings
Nov 01, 2024EPS Estimate
-$0.42Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.87
Shares Outstanding485,530,405
10 Day Avg. Volume9,747,888
30 Day Avg. Volume9,337,769
Standard Deviation0.24
R-Squared0.15
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)14.26
Price to Sales (P/S)4.40
Price to Cash Flow (P/CF)160.90
P/FCF Ratio850.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.90
Enterprise Value/Gross Profit24.74
Enterprise Value/Ebitda-341.60
Forecast
1Y Price Target
$48.56Price Target Upside24.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering30
DraftKings News
Bulls Say, Bears Say
Bulls Say
Acquisitions And TechnologyDraftKings' acquisition of Simplebet's micro-betting technology implies cost savings long term and increased consumer engagement by keeping players spending for a longer time.
Customer AcquisitionHigher customer acquisition means greater total addressable market potential, with management believing that new users will have similar spending habits to existing players but with lower acquisition costs.
Product EvolutionA focus on increasing engagement in sports bolsters the customer experience and betting potential, highlighting a customer-centric approach.
Bears Say
Financial PerformanceDKNG missed 2Q and lowered FY24 EBITDA guidance by 24%.
Market CompetitionFanDuel could market against it and gain more share from new customers irrespective of whether it leads to more EBITDA, which would be negative for DKNG shares.
Revenue And MarginsLowering Adj. EBITDA estimates to account for DraftKings' higher customer acquisition via higher promo spend, resulting in lower gross margins.
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Ownership Overview
2.62% Insiders
26.27% Mutual Funds
37.37% Other Institutional Investors
33.74% 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 $25.73 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 Nov 01, 2024 which is in 42 days.
How were DraftKings’s earnings last quarter?
DraftKings released its earnings results on Aug 02, 2024. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of -$0.009 by $0.129.
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 -$0.42.
How many shares outstanding does DraftKings have?
DraftKings has 485,530,400 shares outstanding.
What happened to DraftKings’s price movement after its last earnings report?
DraftKings reported an EPS of $0.12 in its last earnings report, beating expectations of -$0.009. Following the earnings report the stock price went down -9.777%.
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 236M.
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DraftKings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$48.56 (24.51% Upside)
$48.56 (24.51% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 91%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 4.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 0.6%
Last 30 Days ▲ 0.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
21.82%
12-Months-Change
Fundamentals
Return on Equity
-35.09%
Trailing 12-Months
Asset Growth
16.97%
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
Q2 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 Month Forecast
Average Price Target
$48.56
▲(24.51% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
15/18 ratings generated profit
1 Year Average Return
+63.84%
reiterated a buy rating 23 days ago
Copying Jordan Bender's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +63.84% per trade.
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