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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$38.75
Volume4.94M
Average Volume (3M)8.67M
Market Cap
$34.47B
Enterprise Value$34.59B
Total Cash (Recent Filing)$877.82M
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta2.46
Next Earnings
Feb 13, 2025EPS Estimate
>-$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.87
Shares Outstanding487,627,739
10 Day Avg. Volume8,266,090
30 Day Avg. Volume8,665,298
Standard Deviation0.24
R-Squared0.16
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)17.53
Price to Sales (P/S)4.31
Price to Cash Flow (P/CF)37.20
P/FCF Ratio47.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.51
Enterprise Value/Gross Profit25.19
Enterprise Value/Ebitda-46.04
Forecast
1Y Price Target
$51.15Price Target Upside30.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
DraftKings News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceDraftKings has transitioned to profitability and is maintaining a strong player acquisition and retention, positioning itself for double-digit revenue growth in the fast-growing US Online Gaming industry.
Market ExpansionDraftKings expects the US iGaming market to expand with an additional 15-20% of the US population covered, potentially adding ~$1B of incremental GGR from New York alone.
Strategic InitiativesManagement remains focused on dominating the US market through recent mergers and acquisitions, aiming to lower customer acquisition costs and enhance the domestic product.
Bears Say
Earnings GuidanceDraftKings lowered its FY24 revenue and adjusted EBITDA guidance due to the impact of customer-friendly sport outcomes in early Q4.
Financial PerformanceShares of DraftKings have recently been under pressure due to market expectations of lower hold caused by unfavorable sports outcomes.
Investor SentimentSentiment among investors has felt negative following >$300M of downward revisions stemming from negative game outcomes in 2024.
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Ownership Overview
2.17% Insiders
27.32% Mutual Funds
26.80% Other Institutional Investors
30.05% 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 55 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 >-$0.01.
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:
$51.15 (30.68% Upside)
$51.15 (30.68% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 88%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 1.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $137.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.11%
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
Earnings Call Sentiment|Neutral
DraftKings demonstrated strong revenue growth and customer acquisition efficiency, coupled with product enhancements and optimistic guidance for 2025. However, the company faced challenges with customer-friendly NFL outcomes affecting short-term financials and the impact of the Illinois tax increase. Despite these challenges, the focus on long-term growth and product innovation remains positive.Read More>---
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
$51.15
▲(30.68% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+36.28%
reiterated a buy rating 3 days ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +36.28% per trade.
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