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Draftkings Inc (DKNG)

23.19   -1.05 (-4.33%) 01-16 05:32
Open: 24.05 Pre. Close: 24.24
High: 24.5392 Low: 22.41
Volume: 31,622,468 Market Cap: 9,427M
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites and direct app downloads, as well as direct-to-consumer digital platforms, such as the Apple App store and the Google Play store. 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: 24.567 - 24.767 24.767 - 24.901
Low: 22.022 - 22.228 22.228 - 22.367
Close: 22.912 - 23.241 23.241 - 23.461

Technical analysis

as of: 2022-01-15 8:45:47 PM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 33.44     One year: 37.92
Support: Support1: 22.41    Support2: 18.65
Resistance: Resistance1: 28.63    Resistance2: 32.47
Pivot: 26.45
Moving Average: MA(5): 25.32     MA(20): 27.13
MA(100): 42.36     MA(250): 50.04
MACD: MACD(12,26): -2.06     Signal(9): -2.10
Stochastic oscillator: %K(14,3): 21.55     %D(3): 32.80
RSI: RSI(14): 33.67
52-week: High: 74.38  Low: 22.41  Change(%): -56.7
Average Vol(K): 3-Month: 1734108  10-Days: 2214553

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
DKNG has closed below the lower band by 6.7%. If price is in a downtrend band; this downward trend in price might continue. However a short term pullback inside the band is likely. Bollinger Bands are 39.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Thu, 13 Jan 2022
DraftKings (DKNG) Becomes Oregon Lottery's Sportsbook Partner - Entrepreneur

Sat, 08 Jan 2022
$438.04 Million in Sales Expected for DraftKings Inc. (NASDAQ:DKNG) This Quarter - MarketBeat

Thu, 06 Jan 2022
Super Bowl Betting: NY Clears Mobile Bets for DraftKings (DKNG), FanDuel - Bloomberg

Wed, 05 Jan 2022
Cathie Wood's Ark Buys Slide Again: DraftKings, Block, Roblox - TheStreet

Tue, 04 Jan 2022
DraftKings Vs. Penn National Gaming Stock: Which Is The Better Buy? - Seeking Alpha

Tue, 28 Dec 2021
First Week of DKNG February 2022 Options Trading - Nasdaq

Financial Analysis

Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Underperform Price to Earnings: Underperform
Return on Equity: Underperform Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Consumer Cyclical
Industry:  Gambling
Shares Out. (M) 406
Shares Float (M) 354
% Held by Insiders 7.45
% Held by Institutions 62.16
Shares Short (K) 36,790
Shares Short P. Month (K) 33,060

Stock Financials

EPS -3.620
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 4.510
Profit Margin -125.74
Operating Margin -122.03
Return on Assets (ttm) -25.6
Return on Equity (ttm) -75.3
Qtrly Rev. Growth 60.2
Gross Profit (p.s.) 0.659
Sales Per Share 2.805
EBITDA (p.s.) -3.149
Qtrly Earnings Growth
Operating Cash Flow (M) -457
Levered Free Cash Flow (M) -3

Stock Valuations

PE Ratio -6.41
PEG Ratio
Price to Book value 5.14
Price to Sales 8.27
Price to Cash Flow -20.61

Stock Dividends

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