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DraftKings (DKNG)
NASDAQ:DKNG
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DKNG Stock Chart & Stats
Day’s Range― - ―
52-Week Range$28.69 - $49.57
Previous CloseN/A
Volume5.15M
Average Volume (3M)7.66M
Market Cap
$34.78B
Enterprise Value$19.51B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta2.28
Next Earnings
Feb 13, 2025EPS Estimate
-0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.87
Shares Outstanding487,627,750
10 Day Avg. Volume7,563,358
30 Day Avg. Volume7,657,819
Standard Deviation0.24
R-Squared0.17
Alpha0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.18
Price to Cash Flow (P/CF)36.00
P/FCF Ratio46.30
Enterprise Value/Market Cap0.56
Enterprise Value/Revenue4.24
Enterprise Value/Gross Profit14.21
Enterprise Value/Ebitda-25.97
Forecast
1Y Price Target
$51.24Price Target Upside28.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
DraftKings News
Bulls Say, Bears Say
Bulls Say
Market ExpansionDraftKings expects the US iGaming market to expand with an additional 15-20% of the US population covered, with market expansion potentially adding significant value, as seen with New York's potential ~$1B incremental GGR.
Operational EfficiencyPersonalization initiatives are set to improve the parlay mix, hold rates, and frequency, enhancing user engagement and boosting overall financial performance.
Revenue And Earnings OutlookThere is room for the company to exceed estimates, translating into potential healthy share price performance, supported by robust revenue growth and improved EBITDA margins from increased active customers and lower acquisition costs.
Bears Say
EarningsThe price target for Draftkings Inc has been lowered from $56.00 to $54.00.
Financial PerformanceDKNG reported a hold drag far worse than FLUT in the first half of 4Q.
RevenueLow NFL hold due to game outcomes has prompted DKNG to lower revenue guidance.
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Ownership Overview
2.04% Insiders
27.80% Mutual Funds
0.06% Other Institutional Investors
56.52% 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?
DraftKings’s market cap is $34.78B.
When is DraftKings’s upcoming earnings report date?
DraftKings’s upcoming earnings report date is Feb 13, 2025 which is in 30 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:
$51.24 (28.65% Upside)
$51.24 (28.65% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 89%
Sector Average 66%
Sector Average 66%
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
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
20.88%
12-Months-Change
Fundamentals
Return on Equity
-38.76%
Trailing 12-Months
Asset Growth
10.66%
Trailing 12-Months
Company Description
DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company that operates within the sports betting and daily fantasy sports sectors. Founded in 2012 and headquartered in Boston, Massachusetts, DraftKings provides an impactful platform for users to engage in daily and weekly fantasy sports contests covering a wide range of sports, including football, basketball, baseball, hockey, golf, soccer, and more. The company also offers sportsbook and iGaming products, allowing users to place bets on a variety of sports events and casino games online.
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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
98.10% U.S.
1.90% International
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DKNG Stock 12 Month Forecast
Average Price Target
$51.24
▲(28.65% Upside)
Technical Analysis
MGM Resorts
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Penn National Gaming
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Caesars Entertainment
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GAN
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Rush Street Interactive
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Best Analysts Covering DKNG
1 Year
1 Year Success Rate
14/16 ratings generated profit
1 Year Average Return
+37.52%
reiterated a buy rating 28 days ago
Copying Clark Lampen's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +37.52% per trade.
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