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DraftKings (DKNG)
NASDAQ:DKNG
DraftKings (DKNG) Stock Price & Analysis
10,916 Followers
DKNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.97 - $49.57
Previous Close$37.44
Volume378.11K
Average Volume (3M)10.35M
Market Cap
$33.39B
Enterprise Value$33.01B
Total Cash (Recent Filing)$1.19B
Total Debt (Recent Filing)$1.34B
Price to Earnings (P/E)―
Beta2.83
Next Earnings
Aug 02, 2024EPS Estimate
$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.17
Shares Outstanding476,223,693
10 Day Avg. Volume10,387,138
30 Day Avg. Volume10,345,610
Standard Deviation0.24
R-Squared0.15
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)-27.11
Price to Sales (P/S)5.46
Price to Cash Flow (P/CF)-71.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.11
Enterprise Value/Gross Profit24.04
Enterprise Value/Ebitda-199.20
Forecast
1Y Price Target
$52.80Price Target Upside38.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering26
DraftKings News
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesGrowth continues through state legalizations, product development, international expansion, and strategic acquisitions like Jackpocket.
User GrowthDKNG experienced a significant increase in app downloads, highlighting its growing popularity and user engagement.
Valuation And Financial PerformanceValuation is attractive with a 5% free cash flow yield, minimal net debt, and strong revenue growth between 20-30%.
Bears Say
EarningsGross 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 ShareDKNG has lost share in the 2Q24 to date, on a sequential basis, in both the OSB and iCasino verticals.
Regulatory RisksThe Illinois tax increase is expected to be a significant headwind in the second half of 2024.
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Ownership Overview
2.62% Insiders
22.74% Mutual Funds
13.31% Other Institutional Investors
61.33% 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 $24.97 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 Aug 02, 2024 which is in 28 days.
How were DraftKings’s earnings last quarter?
DraftKings released its earnings results on May 02, 2024. The company reported -$0.3 earnings per share for the quarter, missing the consensus estimate of -$0.288 by -$0.012.
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 -$0.3 in its last earnings report, missing expectations of -$0.288. Following the earnings report the stock price went down -2.812%.
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.
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DraftKings Stock Smart Score
Unlock Smart Score
1
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Analyst Consensus
Strong Buy
Average Price Target:
$52.80 (38.76% Upside)
$52.80 (38.76% Upside)
Blogger Sentiment
Bullish
DKNG Sentiment 90%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 2.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $12.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.62%
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.
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DKNG Company Deck
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DKNG Earnings Call
Q1 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
$52.80
▲(38.76% Upside)
Technical Analysis
Best Analysts Covering DKNG
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+67.05%
reiterated a buy rating 2 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 +67.05% per trade.
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