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 (DKNG)
NASDAQ:DKNG
Holding DKNG?
Track your performance easily
DKNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.73 - $49.57
Previous Close$35.25
Volume7.27M
Average Volume (3M)10.37M
Market Cap
$30.97B
Enterprise Value$31.50B
Total Cash (Recent Filing)$815.88M
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta2.86
Next Earnings
Nov 01, 2024EPS Estimate
-$0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.87
Shares Outstanding485,530,405
10 Day Avg. Volume10,747,077
30 Day Avg. Volume10,370,056
Standard Deviation0.24
R-Squared0.15
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)-15.75
Price to Sales (P/S)3.93
Price to Cash Flow (P/CF)148.40
P/FCF Ratio784.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.32
Enterprise Value/Gross Profit22.94
Enterprise Value/Ebitda-316.69
Forecast
1Y Price Target
$49.88Price Target Upside37.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering30
DraftKings News
PremiumStock Analysis & Ideas
DKNG, FLUT: 2 Top iGaming Stocks Likely Worth the Dice Roll
Bulls Say, Bears Say
Bulls Say
Customer Acquisition80% more first time depositors at -40% lower CAC in 2Q was a focus of the dinner.
Market StrategyThe decision to redirect from a surcharge is likely to generate a positive reaction in the shares.
Product InnovationThe launch of Electric Poker continues to solidify DraftKings’ evolution from a sports betting company to a true entertainment platform with a loyal customer base.
Bears Say
EarningsAdjusted EBITDA guidance for the full year was reduced to a gain of $340M-$420M from $460M-$540M prior.
Market ShareThe announcement shifts market share control to its competitors.
Profitability2Q/FY24 EBITDA guidance was below expectations due to weaker profitability from higher customer acquisition.
---
Ownership Overview
2.61% Insiders
24.47% Mutual Funds
37.36% Other Institutional Investors
35.57% 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 69 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 -$0.41.
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.
---
DraftKings Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$49.88 (37.15% Upside)
$49.88 (37.15% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 90%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 4.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $9.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
29.40%
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.
---
DKNG Company Deck
---
DKNG Earnings Call
Q2 2024
0:00 / 0:00
---
DKNG Revenue Breakdown
97.05% Online gaming
0.82% Gaming software
2.13% Other
---
DKNG Stock 12 Month Forecast
Average Price Target
$49.88
▲(37.15% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
15/18 ratings generated profit
1 Year Average Return
+61.34%
reiterated a buy rating 22 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 +61.34% per trade.
---