Draftkings Stock Price on May 5, 2022
| DKNG Stock | USD 42.21 2.73 6.07% |
Below is the normalized historical share price chart for DraftKings extending back to July 25, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DraftKings stands at 42.21, as last reported on the 18th of April 2024, with the highest price reaching 45.69 and the lowest price hitting 42.12 during the day.
If you're considering investing in DraftKings Stock, it is important to understand the factors that can impact its price. DraftKings appears to be very steady, given 3 months investment horizon. DraftKings secures Sharpe Ratio (or Efficiency) of 0.084, which denotes the company had a 0.084% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for DraftKings, which you can use to evaluate the volatility of the firm. Please utilize DraftKings' Mean Deviation of 1.95, semi deviation of 2.63, and Downside Deviation of 3.16 to check if our risk estimates are consistent with your expectations.
At this time, DraftKings' Capital Stock is most likely to decrease significantly in the upcoming years. The DraftKings' current Stock Based Compensation To Revenue is estimated to increase to 0.18, while Common Stock Total Equity is projected to decrease to roughly 68.4 K. . At this time, DraftKings' Price To Book Ratio is most likely to increase significantly in the upcoming years. The DraftKings' current Price Fair Value is estimated to increase to 20.38, while Price Earnings Ratio is projected to decrease to (21.35). DraftKings Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of April 2020 | 200 Day MA 35.0981 | 50 Day MA 43.7446 | Beta 1.854 |
DraftKings |
Sharpe Ratio = 0.084
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.57 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average DraftKings is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DraftKings by adding it to a well-diversified portfolio.
Price Book 25.0319 | Enterprise Value Ebitda (35.98) | Price Sales 5.7387 | Shares Float 461 M | Wall Street Target Price 49.44 |
DraftKings Valuation on May 5, 2022
It is possible to determine the worth of DraftKings on a given historical date. On May 5, 2022 DraftKings was worth 15.55 at the beginning of the trading date compared to the closed value of 14.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DraftKings stock. Still, in general, we apply an absolute valuation method to find DraftKings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of DraftKings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DraftKings' related companies.
| Open | High | Low | Close | Volume | |
| 15.08 | 15.88 | 14.50 | 15.73 | 30,428,400 | |
05/05/2022 | 15.55 | 15.56 | 13.88 | 14.44 | 19,845,800 |
| 15.00 | 15.04 | 12.97 | 13.15 | 41,398,200 |
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DraftKings Trading Date Momentum on May 5, 2022
| On May 06 2022 DraftKings was traded for 13.15 at the closing time. The top price for the day was 15.04 and the lowest listed price was 12.97 . The trading volume for the day was 41.4 M. The trading history from May 6, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 8.93% . The overall trading delta against the current closing price is 9.00% . |
DraftKings Fundamentals Correlations and Trends
By evaluating DraftKings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among DraftKings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DraftKings financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DraftKings Stock history
DraftKings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DraftKings is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DraftKings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DraftKings stock prices may prove useful in developing a viable investing in DraftKings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 462.6 M | 339.6 M | |
| Net Loss | -1.2 B | -1.2 B |
DraftKings Quarterly Net Working Capital |
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DraftKings Stock Technical Analysis
DraftKings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
DraftKings Period Price Range
Low | May 5, 2022
| High |
15.55 | 14.44 |
DraftKings April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how DraftKings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DraftKings shares will generate the highest return on investment. By undertsting and applying DraftKings stock market strength indicators, traders can identify DraftKings entry and exit signals to maximize returns
DraftKings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DraftKings' price direction in advance. Along with the technical and fundamental analysis of DraftKings Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DraftKings to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1041 | |||
| Jensen Alpha | 0.3427 | |||
| Total Risk Alpha | 0.2076 | |||
| Sortino Ratio | 0.1127 | |||
| Treynor Ratio | 0.3084 |
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| Volume Indicators |
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 tightly coupled 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for DraftKings Stock analysis
When running DraftKings' price analysis, check to measure DraftKings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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Is DraftKings' industry 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 (1.73) | Revenue Per Share 7.923 | Quarterly Revenue Growth 0.439 | Return On Assets (0.12) | Return On Equity (0.74) |
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.