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DraftKings Inc. (DKNG)

29.04   -0.4 (-1.36%) 10-02 16:00
Open: 29.33 Pre. Close: 29.44
High: 29.88 Low: 28.62
Volume: 8,561,022 Market Cap: 13,474(M)

Technical analysis

as of: 2023-10-02 4:49:31 PM
Short-term rate:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Mid-term rate:       
Target: Six months: 35.7     One year: 38.13
Support: Support1: 27.2    Support2: 22.63
Resistance: Resistance1: 30.56    Resistance2: 32.65
Pivot: 29.56
Moving Average: MA(5): 28.87     MA(20): 29.92
MA(100): 27.78     MA(250): 20.84
MACD: MACD(12,26): -0.2     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 36.6     %D(3): 32.7
RSI: RSI(14): 47.8
52-week: High: 34.49  Low: 10.69
Average Vol(K): 3-Month: 11,894 (K)  10-Days: 10,745 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ DKNG ] has closed above bottom band by 39.6%. Bollinger Bands are 11.1% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 29.92 - 30.07 30.07 - 30.2
Low: 28.28 - 28.44 28.44 - 28.56
Close: 28.81 - 29.06 29.06 - 29.26

Company Description

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

Headline News

Mon, 02 Oct 2023
Can DraftKings Inc (DKNG) Stock Rise to the Top of Consumer Cyclical Sector Monday? - InvestorsObserver

Mon, 02 Oct 2023
AJ Wealth Strategies LLC Buys Shares of 11787 DraftKings Inc ... - MarketBeat

Thu, 28 Sep 2023
DraftKings (DKNG) Launches Its Online Sportsbook in Kentucky - Yahoo Finance

Wed, 27 Sep 2023
GDEN: Entertainment Buy or Sell? Analyzing DraftKings (DKNG ... - StockNews.com

Wed, 27 Sep 2023
DraftKings Inc (DKNG) Up 0.93% in Premarket Trading - InvestorsObserver

Tue, 26 Sep 2023
Benchmark Reiterates DraftKings Inc. - (DKNG) Buy Recommendation - Nasdaq

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Consumer Cyclical
Industry:  Gambling
Shares Out. 464 (M)
Shares Float 449 (M)
% Held by Insiders 5 (%)
% Held by Institutions 56.1 (%)
Shares Short 24,270 (K)
Shares Short P.Month 24,100 (K)

Stock Financials

EPS -2.47
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.2
Profit Margin (%) -39
Operating Margin (%) -38.1
Return on Assets (ttm) -18.5
Return on Equity (ttm) -84
Qtrly Rev. Growth 87.6
Gross Profit (p.s.) 1.62
Sales Per Share 6.46
EBITDA (p.s.) -2.06
Qtrly Earnings Growth 0
Operating Cash Flow -315 (M)
Levered Free Cash Flow 10 (M)

Stock Valuations

PE Ratio -11.81
PEG Ratio -0.5
Price to Book value 13.19
Price to Sales 4.49
Price to Cash Flow -42.72

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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