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DraftKings (DKNG)
NASDAQ:DKNG
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DKNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$28.69 - $49.57
Previous Close$43.21
Volume6.06M
Average Volume (3M)9.15M
Market Cap
$37.08B
Enterprise Value$38.52B
Total Cash (Recent Filing)$877.82M
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta2.71
Next Earnings
Feb 13, 2025EPS Estimate
$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.87
Shares Outstanding487,627,739
10 Day Avg. Volume12,459,236
30 Day Avg. Volume9,154,968
Standard Deviation0.24
R-Squared0.15
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)16.18
Price to Sales (P/S)4.53
Price to Cash Flow (P/CF)165.80
P/FCF Ratio875.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.36
Enterprise Value/Gross Profit28.05
Enterprise Value/Ebitda-51.27
Forecast
1Y Price Target
$49.50Price Target Upside17.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering29
DraftKings News
Bulls Say, Bears Say
Bulls Say
Market PositionDKNG is a leader in the fast-growing US Online Gaming industry and is well positioned for double-digit revenue growth.
Profitability OutlookAnalysts highlight multiple paths that could lead to $900-$1.0B of EBITDA in 2025, showing potential for significant profitability.
Strategic InitiativesAnalyst maintains a Buy rating, believing DKNG’s first-mover advantage, scale, and product innovation place the firm in a strong position to maintain its status as one of the leaders in the rapidly growing US online market.
Bears Say
Financial PerformanceThe revenue guidance for 2024 has been lowered due to customer-friendly sports outcomes impacting the financial results.
Investor SentimentSentiment among investors has felt negative following >$300M of downward revisions stemming from negative game outcomes in 2024.
Profit MarginsDraftKings faces challenges in protecting margins in high-tax states due to the decision to abandon a gaming tax surcharge.
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Ownership Overview
2.18% Insiders
25.81% Mutual Funds
8.14% Other Institutional Investors
50.33% 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 $28.69 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 Feb 13, 2025 which is in 93 days.
How were DraftKings’s earnings last quarter?
DraftKings released its earnings results on Nov 07, 2024. The company reported -$0.6 earnings per share for the quarter, missing the consensus estimate of -$0.411 by -$0.189.
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 $0.05.
How many shares outstanding does DraftKings have?
DraftKings has 487,627,750 shares outstanding.
What happened to DraftKings’s price movement after its last earnings report?
DraftKings reported an EPS of -$0.6 in its last earnings report, missing expectations of -$0.411. Following the earnings report the stock price went up 2.95%.
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:
$49.50 (17.56% Upside)
$49.50 (17.56% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 89%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 4.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
23.35%
12-Months-Change
Fundamentals
Return on Equity
-44.43%
Trailing 12-Months
Asset Growth
10.66%
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
Q3 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
$49.50
▲(17.56% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
15/15 ratings generated profit
1 Year Average Return
+43.41%
reiterated a buy rating 9 days ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +43.41% per trade.
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