Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
DraftKings (DE:IK1)
FRANKFURT:IK1
DraftKings (IK1) Stock Price & Analysis
8 Followers
IK1 Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€24.01 - €46.20
Previous Close€33.09
Volume0.00
Average Volume (3M)331.00
Market Cap
€29.77B
Enterprise Value€29.91B
Total Cash (Recent Filing)$1.19B
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta1.42
Next Earnings
Aug 01, 2024EPS Estimate
>-€0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding476,223,693
10 Day Avg. Volume372
30 Day Avg. Volume331
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)-27.11
Price to Sales (P/S)5.11
Price to Cash Flow (P/CF)-71.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.35
Enterprise Value/Gross Profit21.78
Enterprise Value/Ebitda-180.49
Forecast
1Y Price Target
€47.92Price Target Upside44.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
DraftKings News
Bulls Say, Bears Say
Bulls Say
App DownloadsThe quarter saw a ~15% increase in total DKNG App downloads YoY, with average daily App downloads of 11,202 vs. 9,751 in 2023.
GrowthGrowth continues through state legalizations, product development, international expansion, and acquisitions such as Jackpocket.
ValuationValuation is attractive at a ~5% free cash flow yield, given near-zero net debt and 20-30% revenue growth.
Bears Say
Financial PerformanceGross margins are expected to fall due to higher customer acquisition costs, lower than expected OSB hold, and a heavier mix of GGR from higher tax rate jurisdictions.
Market ShareData from state reports available to date suggest DKNG’s Online Sports Betting Gross Gaming Revenue market share has declined modestly.
TaxesThe Illinois tax change is likely to erode a healthy portion of the beat and raise buffer built into DKNG's 2H24 guidance.
---
Ownership Overview
2.61% Insiders
22.74% Mutual Funds
15.45% Other Institutional Investors
59.21% Public Companies and
Individual Investors
Website Traffic
The estimated number of people who visited one or more of the websites owned by DraftKings
Desktop Users
Mobile Users
IK1 FAQ
What was DraftKings’s price range in the past 12 months?
DraftKings lowest stock price was €24.00 and its highest was €46.20 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 Aug 01, 2024 which is in 10 days.
How were DraftKings’s earnings last quarter?
DraftKings released its earnings results on May 02, 2024. The company reported -€0.275 earnings per share for the quarter, missing the consensus estimate of -€0.264 by -€0.011.
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 >-€0.01.
How many shares outstanding does DraftKings have?
DraftKings has 484,621,550 shares outstanding.
What happened to DraftKings’s price movement after its last earnings report?
DraftKings reported an EPS of -€0.275 in its last earnings report, missing expectations of -€0.264. Following the earnings report the stock price went down -4.08%.
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 396M.
---
DraftKings Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
€47.92 (44.84% Upside)
€47.92 (44.84% Upside)
Blogger Sentiment
Bullish
DE:IK1 Sentiment 92%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $12.6M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
19.70%
12-Months-Change
Fundamentals
Return on Equity
-59.24%
Trailing 12-Months
Asset Growth
1.64%
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.
---
IK1 Company Deck
---
IK1 Earnings Call
Q1 2024
0:00 / 0:00
---
IK1 Revenue Breakdown
97.05% Online gaming
0.82% Gaming software
2.13% Other
---
IK1 Stock 12 Month Forecast
Average Price Target
€47.92
▲(44.84% Upside)
Technical Analysis
DraftKings
―
Penn National Gaming
―
MGM Resorts
―
Caesars Entertainment
―
Las Vegas Sands
―
Best Analysts Covering IK1
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+66.62%
reiterated a buy rating 3 months ago
Copying Jordan Bender's trades and holding each position for 1 Year would result in 82.35% of your transactions generating a profit, with an average return of +66.62% per trade.
---