Stock Symbol:   

Stoxline Mobile
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DraftKings Inc. (DKNG)

17.73   0.25 (1.43%) 03-24 16:00
Open: 17.2 Pre. Close: 17.48
High: 17.82 Low: 17.125
Volume: 5,561,179 Market Cap: 8,007(M)

Technical analysis

as of: 2023-03-24 4:25:20 PM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 23.19     One year: 25.25
Support: Support1: 17.02    Support2: 14.16
Resistance: Resistance1: 19.86    Resistance2: 21.62
Pivot: 18.29
Moving Average: MA(5): 17.67     MA(20): 18.4
MA(100): 15.28     MA(250): 15.05
MACD: MACD(12,26): 0     Signal(9): 0.3
Stochastic oscillator: %K(14,3): 20.3     %D(3): 23.8
RSI: RSI(14): 48.7
52-week: High: 21.62  Low: 9.77
Average Vol(K): 3-Month: 13,401 (K)  10-Days: 9,710 (K)

Price, moving averages and Bollinger Bands

Price has closed above 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 BULLISH in short-term; and BULLISH in mid-long term.
[ DKNG ] has closed above bottom band by 29.0%. Bollinger Bands are 33.9% narrower 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: 17.85 - 17.95 17.95 - 18.04
Low: 16.86 - 16.99 16.99 - 17.11
Close: 17.54 - 17.73 17.73 - 17.9

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

Sun, 26 Mar 2023
ROSEN, A RANKED AND LEADING FIRM, Encourages DraftKings ... - Digital Journal

Sat, 25 Mar 2023
Dynamic Advisor Solutions LLC expands its stake in DraftKings Inc ... - Best Stocks

Thu, 23 Mar 2023
Guru Fundamental Report for DKNG - Nasdaq

Wed, 22 Mar 2023
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action ... - GlobeNewswire

Wed, 22 Mar 2023
Where Will DraftKings Inc (DKNG) Stock Go Next After It Has Risen 0.44% in a Week? - InvestorsObserver

Wed, 22 Mar 2023
DKNG: 1 Stock You Shouldn't Gamble With in 2023 -

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. 452 (M)
Shares Float 416 (M)
% Held by Insiders 5.3 (%)
% Held by Institutions 57.3 (%)
Shares Short 34,950 (K)
Shares Short P.Month 33,680 (K)

Stock Financials

EPS -3.12
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 2.94
Profit Margin (%) -61.6
Operating Margin (%) -66.7
Return on Assets (ttm) -23.1
Return on Equity (ttm) -91.9
Qtrly Rev. Growth 80.6
Gross Profit (p.s.) 1.67
Sales Per Share 4.95
EBITDA (p.s.) -2.95
Qtrly Earnings Growth 0
Operating Cash Flow -626 (M)
Levered Free Cash Flow -139 (M)

Stock Valuations

PE Ratio -5.69
PEG Ratio -0.3
Price to Book value 6.03
Price to Sales 3.57
Price to Cash Flow -12.81

Stock Dividends

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