Draftkings Stock Shares Outstanding
| DKNG Stock | USD 45.05 1.32 3.02% |
Fundamental analysis of DraftKings allows traders to better anticipate movements in DraftKings' stock price by examining its financial health and performance throughout various phases of its business cycle.
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DraftKings Company Shares Outstanding Analysis
DraftKings' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current DraftKings Shares Outstanding | 496.29 M |
Most of DraftKings' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, DraftKings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, DraftKings has 496.29 M of shares currently outstending. This is 171.04% higher than that of the Hotels, Restaurants & Leisure sector and significantly higher than that of the Consumer Discretionary industry. The shares outstanding for all United States stocks is 13.21% higher than that of the company.
DraftKings Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DraftKings' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of DraftKings could also be used in its relative valuation, which is a method of valuing DraftKings by comparing valuation metrics of similar companies.DraftKings is currently under evaluation in shares outstanding category among its peers.
DraftKings Fundamentals
| Return On Equity | -0.47 | ||||
| Return On Asset | -0.0758 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | (0.03) % | ||||
| Current Valuation | 22.5 B | ||||
| Shares Outstanding | 496.29 M | ||||
| Shares Owned By Insiders | 2.45 % | ||||
| Shares Owned By Institutions | 84.21 % | ||||
| Number Of Shares Shorted | 28.79 M | ||||
| Price To Earning | 106.37 X | ||||
| Price To Book | 24.86 X | ||||
| Price To Sales | 4.34 X | ||||
| Revenue | 4.77 B | ||||
| Gross Profit | 1.92 B | ||||
| EBITDA | (319.35 M) | ||||
| Net Income | (507.29 M) | ||||
| Cash And Equivalents | 1.51 B | ||||
| Cash Per Share | 3.38 X | ||||
| Total Debt | 1.34 B | ||||
| Debt To Equity | 0.76 % | ||||
| Current Ratio | 2.32 X | ||||
| Book Value Per Share | 1.76 X | ||||
| Cash Flow From Operations | 417.77 M | ||||
| Short Ratio | 3.06 X | ||||
| Earnings Per Share | (0.82) X | ||||
| Price To Earnings To Growth | 0.67 X | ||||
| Target Price | 53.39 | ||||
| Number Of Employees | 5.1 K | ||||
| Beta | 1.67 | ||||
| Market Capitalization | 21.7 B | ||||
| Total Asset | 4.28 B | ||||
| Retained Earnings | (6.44 B) | ||||
| Working Capital | (121.23 M) | ||||
| Current Asset | 831.79 K | ||||
| Current Liabilities | 1.53 M | ||||
| Net Asset | 4.28 B |
About DraftKings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DraftKings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DraftKings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DraftKings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When determining whether DraftKings is a strong investment it is important to analyze DraftKings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:Check out DraftKings Piotroski F Score and DraftKings Altman Z Score analysis. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.