Stoxline.com

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Stoxline Mobile
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DraftKings Inc. (DKNG)

19.58   -0.99 (-4.81%) 08-19 01:25
Open: 20.67 Pre. Close: 20.57
High: 20.67 Low: 19.4438
Volume: 20,631,525 Market Cap: 8,783(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 21.06 - 21.2 21.2 - 21.32
Low: 19.81 - 19.95 19.95 - 20.06
Close: 20.37 - 20.59 20.59 - 20.78

Technical analysis

as of: 2022-08-18 3:52:03 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 25.04     One year: 29.25
Support: Support1: 15.21    Support2: 11.35
Resistance: Resistance1: 21.44    Resistance2: 25.04
Pivot: 18.06
Moving Average: MA(5): 20.48     MA(20): 16.89
MA(100): 14.46     MA(250): 26.65
MACD: MACD(12,26): 1.9     Signal(9): 1.6
Stochastic oscillator: %K(14,3): 86.4     %D(3): 91.4
RSI: RSI(14): 65.8
52-week: High: 64.58  Low: 9.77
Average Vol(K): 3-Month: 20,726 (K)  10-Days: 28,106 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ DKNG ] has closed below upper band by 31.9%. Bollinger Bands are 88.6% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 8 days. This is a sign that the current trend might continue.

Headline News

Thu, 18 Aug 2022
Analyst Rating: Will DraftKings Inc (DKNG) Stock Beat the Market? - InvestorsObserver

Thu, 18 Aug 2022
Toronto Dominion Bank Boosts Stock Position in DraftKings Inc. (NASDAQ:DKNG) - Defense World

Wed, 17 Aug 2022
DraftKings Stock is in Focus This NFL Season - Nasdaq

Tue, 16 Aug 2022
Noteworthy Tuesday Option Activity: ROKU, SWBI, DKNG - Nasdaq

Sun, 14 Aug 2022
DraftKings Inc. (NASDAQ:DKNG) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd. - Defense World

Thu, 11 Aug 2022
Is it Time to Dump DraftKings Inc (DKNG) Stock After it Has Risen 23.23% in a Week? - InvestorsObserver

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: Underperform
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. 437 (M)
Shares Float 393 (M)
% Held by Insiders 9.1 (%)
% Held by Institutions 60 (%)
Shares Short 40,100 (K)
Shares Short P.Month 41,680 (K)

Stock Financials

EPS -4.06
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 3.31
Profit Margin (%) -117.4
Operating Margin (%) -123.3
Return on Assets (ttm) -26.3
Return on Equity (ttm) -88.8
Qtrly Rev. Growth 33.5
Gross Profit (p.s.) 1.14
Sales Per Share 3.2
EBITDA (p.s.) -3.66
Qtrly Earnings Growth 0
Operating Cash Flow -716 (M)
Levered Free Cash Flow -302 (M)

Stock Valuations

PE Ratio -4.87
PEG Ratio 0.6
Price to Book value 5.93
Price to Sales 6.15
Price to Cash Flow -12.04

Stock Dividends

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