Draftkings Stock Today

DKNG Stock  USD 42.48  1.78  4.02%   

Performance

10 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 13

 
High
 
Low
Low
DraftKings is trading at 42.48 as of the 10th of December 2024. This is a 4.02 percent decrease since the beginning of the trading day. The stock's lowest day price was 42.46. DraftKings has less than a 13 % chance of experiencing some financial distress in the next two years of operation and had a ok performance during the last 90 days. Note, on February 11, 2022, Representative Charles J Chuck Fleischmann of US Congress acquired under $15k worth of DraftKings's common stock.
Business Domain
Consumer Services
IPO Date
24th of April 2020
Category
Consumer Cyclical
Classification
Consumer Discretionary
DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. The company has 487.63 M outstanding shares of which 22.56 M shares are currently shorted by private and institutional investors with about 2.3 trading days to cover. More on DraftKings

Moving together with DraftKings Stock

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  0.8VAC Marriot VacationsPairCorr

Moving against DraftKings Stock

  0.72FLL Full House ResortsPairCorr
  0.57RRR Red Rock ResortsPairCorr
  0.5BBY Best BuyPairCorr
  0.36PDD PDD Holdings Buyout TrendPairCorr

DraftKings Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CoFounderPaul Liberman
Thematic Ideas
Showing 3 out of 4 themes
Business ConcentrationHotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, Online Gaming, Entertainment, Gambling, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Gambling, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Debt Levels
DraftKings can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand DraftKings' financial leverage. It provides some insight into what part of DraftKings' total assets is financed by creditors.
Liquidity
DraftKings currently holds 1.35 B in liabilities with Debt to Equity (D/E) ratio of 0.76, which is about average as compared to similar companies. DraftKings has a current ratio of 2.27, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about DraftKings' use of debt, we should always consider it together with its cash and equity.

Change In Cash

(147.57 Million)
DraftKings (DKNG) is traded on NASDAQ Exchange in USA. It is located in 222 Berkeley Street, Boston, MA, United States, 02116 and employs 4,400 people. DraftKings is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 20.71 B. DraftKings conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 487.63 M outstanding shares of which 22.56 M shares are currently shorted by private and institutional investors with about 2.3 trading days to cover. DraftKings currently holds about 1.51 B in cash with (1.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.38.
Check DraftKings Probability Of Bankruptcy
Ownership Allocation
DraftKings holds a total of 487.63 Million outstanding shares. The majority of DraftKings outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in DraftKings to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in DraftKings. Please pay attention to any change in the institutional holdings of DraftKings as this could imply that something significant has changed or is about to change at the company. On February 11, 2022, Representative Charles J Chuck Fleischmann of US Congress acquired under $15k worth of DraftKings's common stock.
Check DraftKings Ownership Details

DraftKings Stock Institutional Holders

InstituionRecorded OnShares
Ark Investment Management Llc2024-09-30
M
Nikko Asset Management Americas Inc2024-06-30
5.9 M
Atlas Venture Advisors, Inc.2024-09-30
5.9 M
Capital Research Global Investors2024-09-30
5.8 M
Massachusetts Financial Services Company2024-09-30
5.8 M
Morgan Stanley - Brokerage Accounts2024-09-30
5.8 M
Samlyn Capital, Llc2024-09-30
5.7 M
Norges Bank2024-06-30
5.7 M
Macquarie Group Ltd2024-09-30
5.2 M
Vanguard Group Inc2024-09-30
42.5 M
Blackrock Inc2024-06-30
30.8 M
View DraftKings Diagnostics

DraftKings Historical Income Statement

At this time, DraftKings' Depreciation And Amortization is most likely to increase significantly in the upcoming years. The DraftKings' current Interest Expense is estimated to increase to about 4.4 M, while Selling And Marketing Expenses is projected to decrease to roughly 683.7 M. View More Fundamentals

DraftKings Stock Against Markets

DraftKings Corporate Management

Alan EllingsonSVP AnalyticsProfile
Lori KalaniChief OfficerProfile
Jason RobinsChairman CoFounderProfile
Brian AngioletChief OfficerProfile
Joseph DeCristofaroVice RelationsProfile
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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Hotels, Restaurants & Leisure 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.
Earnings Share
(0.87)
Revenue Per Share
9.655
Quarterly Revenue Growth
0.387
Return On Assets
(0.07)
Return On Equity
(0.44)
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.