Draftkings Stock Price Prediction
| DKNG Stock | USD 40.38 0.98 2.49% |
Oversold Vs Overbought
63
Oversold | Overbought |
EPS Estimate Next Quarter 0.29 | EPS Estimate Current Year 0.3939 | EPS Estimate Next Year 1.3549 | Wall Street Target Price 51.2483 | EPS Estimate Current Quarter (0.42) |
Using DraftKings hype-based prediction, you can estimate the value of DraftKings from the perspective of DraftKings response to recently generated media hype and the effects of current headlines on its competitors.
DraftKings Hype to Price Pattern
Investor biases related to DraftKings' public news can be used to forecast risks associated with an investment in DraftKings. The trend in average sentiment can be used to explain how an investor holding DraftKings can time the market purely based on public headlines and social activities around DraftKings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of DraftKings' market sentiment to its price can help taders to make decisions based on the overall investors consensus about DraftKings.
The fear of missing out, i.e., FOMO, can cause potential investors in DraftKings to buy its stock at a price that has no basis in reality. In that case, they are not buying DraftKings because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
DraftKings after-hype prediction price | USD 40.36 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
DraftKings |
DraftKings After-Hype Price Prediction Density Analysis
As far as predicting the price of DraftKings at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in DraftKings or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of DraftKings, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
DraftKings Estimiated After-Hype Price Volatility
In the context of predicting DraftKings' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on DraftKings' historical news coverage. DraftKings' after-hype downside and upside margins for the prediction period are 37.85 and 42.87, respectively. We have considered DraftKings' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
DraftKings is very steady at this time. Analysis and calculation of next after-hype price of DraftKings is based on 3 months time horizon.
DraftKings Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as DraftKings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading DraftKings backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with DraftKings, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.02 | 2.51 | 0.02 | 0.00 | 10 Events / Month | 7 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
40.38 | 40.36 | 0.05 |
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DraftKings Hype Timeline
DraftKings is currently traded for 40.38. The entity has historical hype elasticity of -0.02, and average elasticity to hype of competition of 0.0. DraftKings is estimated to decline in value after the next headline, with the price expected to drop to 40.36. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.05%, whereas the daily expected return is currently at 0.02%. The volatility of related hype on DraftKings is about 3994.69%, with the expected price after the next announcement by competition of 40.38. About 77.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.67. DraftKings recorded a loss per share of 0.87. The entity had not issued any dividends in recent years. The firm had 1:1 split on the 5th of May 2022. Given the investment horizon of 90 days the next estimated press release will be in about 10 days. Check out DraftKings Basic Forecasting Models to cross-verify your projections.DraftKings Related Hype Analysis
Having access to credible news sources related to DraftKings' direct competition is more important than ever and may enhance your ability to predict DraftKings' future price movements. Getting to know how DraftKings' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how DraftKings may potentially react to the hype associated with one of its peers.
DraftKings Additional Predictive Modules
Most predictive techniques to examine DraftKings price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for DraftKings using various technical indicators. When you analyze DraftKings charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About DraftKings Predictive Indicators
The successful prediction of DraftKings stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as DraftKings, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of DraftKings based on analysis of DraftKings hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to DraftKings's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to DraftKings's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 15.12 | 146.26 | 67.17 | 70.52 | Days Of Inventory On Hand | 219.21 | 115.49 | 132.82 | 126.18 |
Story Coverage note for DraftKings
The number of cover stories for DraftKings depends on current market conditions and DraftKings' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that DraftKings is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about DraftKings' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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DraftKings Short Properties
DraftKings' future price predictability will typically decrease when DraftKings' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of DraftKings often depends not only on the future outlook of the potential DraftKings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. DraftKings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 462.6 M | |
| Cash And Short Term Investments | 1.3 B |
Complementary Tools for DraftKings Stock analysis
When running DraftKings' price analysis, check to measure DraftKings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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