Draftkings Stock Performance
| DKNG Stock | USD 41.21 0.66 1.63% |
DraftKings has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.39, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DraftKings will likely underperform. DraftKings right now shows a risk of 2.62%. Please confirm DraftKings value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if DraftKings will be following its price patterns.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in DraftKings are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly abnormal basic indicators, DraftKings may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Actual Historical Performance (%)
One Day Return 1.82 | Five Day Return (2.46) | Year To Date Return 22.96 | Ten Year Return 321.33 | All Time Return 321.33 |
Last Split Factor 1:1 | Last Split Date 2022-05-05 |
1 | Disposition of 11029 shares by Dodge R Stanton of DraftKings subject to Rule 16b-3 | 03/01/2024 |
2 | Whats Going On With DraftKings Stock | 03/20/2024 |
3 | DraftKings Stock Has 24 percent Upside, According to 1 Wall Street Analyst | 03/27/2024 |
4 | Disposition of 857 shares by Dodge R Stanton of DraftKings subject to Rule 16b-3 | 04/03/2024 |
5 | 11 percent Of This DraftKings Insiders Holdings Were Sold | 04/09/2024 |
6 | Investors Heavily Search DraftKings Inc. Here is What You Need to Know | 04/11/2024 |
7 | DraftKings Stock Moves -1.13 percent What You Should Know | 04/15/2024 |
8 | DraftKings shares get buy rating from Goldman Sachs | 04/16/2024 |
9 | DraftKings, IBD Stock Of The Day, Falls Below Key Level. Should Investors Bet On A Rebound | 04/17/2024 |
10 | Trump Media, AI Stocks and More 3 Top Ex-SPACs to Buy Now | 04/18/2024 |
| Begin Period Cash Flow | 1.3 B |
DraftKings |
DraftKings Relative Risk vs. Return Landscape
If you would invest 3,869 in DraftKings on January 25, 2024 and sell it today you would earn a total of 252.00 from holding DraftKings or generate 6.51% return on investment over 90 days. DraftKings is currently generating 0.1359% in daily expected returns and assumes 2.6172% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of stocks are less volatile than DraftKings, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
DraftKings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DraftKings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as DraftKings, and traders can use it to determine the average amount a DraftKings' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0519
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| Cash | Small Risk | DKNG | High Risk | Huge Risk |
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Estimated Market Risk
| 2.62 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average DraftKings is performing at about 4% 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.
DraftKings Fundamentals Growth
DraftKings Stock prices reflect investors' perceptions of the future prospects and financial health of DraftKings, and DraftKings fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on DraftKings Stock performance.
| Return On Equity | -0.74 | ||||
| Return On Asset | -0.12 | ||||
| Profit Margin | (0.22) % | ||||
| Operating Margin | (0.03) % | ||||
| Current Valuation | 19.28 B | ||||
| Shares Outstanding | 475.68 M | ||||
| Price To Earning | 106.37 X | ||||
| Price To Book | 25.03 X | ||||
| Price To Sales | 5.74 X | ||||
| Revenue | 3.67 B | ||||
| Gross Profit | 756.19 M | ||||
| EBITDA | (549.75 M) | ||||
| Net Income | (802.14 M) | ||||
| Cash And Equivalents | 1.51 B | ||||
| Cash Per Share | 3.38 X | ||||
| Total Debt | 1.35 B | ||||
| Debt To Equity | 0.76 % | ||||
| Current Ratio | 2.32 X | ||||
| Book Value Per Share | 1.78 X | ||||
| Cash Flow From Operations | (1.75 M) | ||||
| Earnings Per Share | (1.73) X | ||||
| Market Capitalization | 19.29 B | ||||
| Total Asset | 3.94 B | ||||
| Retained Earnings | (5.93 B) | ||||
| Working Capital | 521.75 M | ||||
| Current Asset | 831.79 K | ||||
| Current Liabilities | 1.53 M | ||||
About DraftKings Performance
To evaluate DraftKings Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when DraftKings generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare DraftKings Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand DraftKings market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents DraftKings's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 132.82 | 126.18 | |
| Return On Tangible Assets | (0.34) | (0.36) | |
| Return On Capital Employed | (0.31) | (0.33) | |
| Return On Assets | (0.20) | (0.21) | |
| Return On Equity | (0.95) | (0.91) |
Things to note about DraftKings performance evaluation
Checking the ongoing alerts about DraftKings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for DraftKings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 3.67 B. Net Loss for the year was (802.14 M) with profit before overhead, payroll, taxes, and interest of 756.19 M. | |
| DraftKings currently holds about 1.51 B in cash with (1.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.38. | |
| Roughly 69.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investorplace.com: Trump Media, AI Stocks and More 3 Top Ex-SPACs to Buy Now |
- Analyzing DraftKings' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether DraftKings' stock is overvalued or undervalued compared to its peers.
- Examining DraftKings' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating DraftKings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of DraftKings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of DraftKings' stock. These opinions can provide insight into DraftKings' potential for growth and whether the stock is currently undervalued or overvalued.
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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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.