Draftkings Stock Analysis

DKNG
 Stock
  

USD 15.14  0.19  1.24%   

The latest surge in Draftkings short term price appreciation could raise concerns from shareholders as the firm is trading at a share price of 15.14 on 14,649,200 in volume. The company directors and management have successfully maneuvered the firm at convenient times to take advantage of all market conditions in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.99. This high volatility is attributed to the latest market swings and not-so-good earnings reports for some of the Draftkings partners.
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The Draftkings stock analysis report makes it easy to digest most publicly released information about Draftkings and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Draftkings Stock analysis module also helps to analyze the Draftkings price relationship with some important fundamental indicators such as market cap and management efficiency.

Draftkings Stock Analysis Notes

About 59.0% of the company shares are held by institutions such as insurance companies. The book value of Draftkings was currently reported as 4.51. The company has Price/Earnings To Growth (PEG) ratio of 0.56. Draftkings recorded a loss per share of 3.62. The entity had not issued any dividends in recent years. DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people. To learn more about Draftkings call the company at 617 986 6744 or check out https://www.draftkings.com.

Draftkings Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Draftkings' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Draftkings or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Draftkings has very high historical volatility over the last 90 days
Draftkings has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 1.4 B. Net Loss for the year was (1.64 B) with profit before overhead, payroll, taxes, and interest of 501.86 M.
Draftkings currently holds about 1.77 B in cash with (716.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.24.
Roughly 59.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.sportingnews.com: NFL DFS picks Week 4 Best sleepers, value players for FanDuel, DraftKings lineups - Sporting News

Draftkings Upcoming and Recent Events

Earnings reports are used by Draftkings to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Draftkings previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report25th of February 2022
Next Financial Report6th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End25th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Draftkings SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Draftkings prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Draftkings investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Draftkings specific information freely available to individual and institutional investors to make a timely investment decision.
5th of August 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
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6th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
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5th of May 2022
Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Unclassified Corporate Event. Completion of Acquisition or Disposition of Assets
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22nd of April 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders
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1st of April 2022
Financial Statements and Exhibits. Other Events
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3rd of March 2022
Financial Statements and Exhibits. Regulation FD Disclosure
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18th of February 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
9th of February 2022
Unclassified Corporate Event
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Draftkings Thematic Classifications

In addition to having Draftkings stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Gambling
Equities that are issued by public entities related to gambling services or online betting technology

Draftkings Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Draftkings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Draftkings backward and forwards among themselves. Draftkings' institutional investor refers to the entity that pools money to purchase Draftkings' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vanguard Group IncCommon Shares32.5 M379.4 M
Ark Investment Management LlcCommon Shares25.3 M342.5 M
Blackrock IncCommon Shares14.7 M171.9 M
Capital Research Global InvestorsCommon Shares13.4 M156.1 M
Sumitomo Mitsui Trust Holdings IncCommon Shares13.4 M155.8 M
Nikko Asset Management Americas IncCommon Shares13.4 M155.1 M
Raine Capital LlcCommon Shares11.2 M130.9 M
Susquehanna International Group LlpPut Options6.1 M71.7 M
Susquehanna International Group LlpCall Options4.9 M57.2 M
Note, although Draftkings' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Draftkings Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 6.23 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Draftkings's market, we take the total number of its shares issued and multiply it by Draftkings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Draftkings Profitablity

Draftkings' profitability indicators refer to fundamental financial ratios that showcase Draftkings' ability to generate income relative to its revenue or operating costs. If, let's say, Draftkings is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Draftkings' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Draftkings' profitability requires more research than a typical breakdown of Draftkings' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (117.39) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (123.28) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -1.23.

Management Efficiency

The entity has return on total asset (ROA) of (26.23) % which means that it has lost $26.23 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (88.73) %, meaning that it created substantial loss on money invested by shareholders. Draftkings management efficiency ratios could be used to measure how well draftkings manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 1st of October, Draftkings shows the Downside Deviation of 4.2, semi deviation of 3.92, and Mean Deviation of 4.07. Draftkings technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Draftkings, which can be compared to its rivals. Please confirm Draftkings information ratio, and the relationship between the downside deviation and value at risk to decide if Draftkings is priced favorably, providing market reflects its regular price of 15.14 per share. Given that Draftkings has jensen alpha of 0.7243, we urge you to verify Draftkings's prevailing market performance to make sure the company can sustain itself at a future point.

Draftkings Price Movement Analysis

The output start index for this execution was thirty with a total number of output elements of thirty-one. The Simple Moving Average indicator is calculated by adding the closing price of Draftkings for a given number of time periods and then dividing this total by the number of time periods. It is used to smooth out Draftkings short-term fluctuations and highlight longer-term trends or cycles.
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Draftkings Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Draftkings insiders, such as employees or executives, is commonly permitted as long as it does not rely on Draftkings' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Draftkings insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Dodge R Stanton over a week ago via Macroaxis 
Exercise or conversion by Dodge R Stanton of 1503 shares of Draftkings subject to Rule 16b-3
Bradbury Erik over three weeks ago via Macroaxis 
Exercise or conversion by Bradbury Erik of 964 shares of Draftkings subject to Rule 16b-3
Bradbury Erik over a month ago via Macroaxis 
Exercise or conversion by Bradbury Erik of 196 shares of Draftkings subject to Rule 16b-3
Liberman Paul over a month ago via Macroaxis 
Draftkings exotic insider transaction detected
Moore Ryan R over a month ago via Macroaxis 
Acquisition by Moore Ryan R of 1179 shares of Draftkings subject to Rule 16b-3
Park Jason over a month ago via Macroaxis 
Exercise or conversion by Park Jason of 15429 shares of Draftkings subject to Rule 16b-3
Park Jason over two months ago via Macroaxis 
Exercise or conversion by Park Jason of 4635 shares of Draftkings subject to Rule 16b-3
Dodge R Stanton over three months ago via Macroaxis 
Exercise or conversion by Dodge R Stanton of 1522 shares of Draftkings subject to Rule 16b-3
Park Jason over three months ago via Macroaxis 
Exercise or conversion by Park Jason of 15638 shares of Draftkings subject to Rule 16b-3
Kalish Matthew over three months ago via Macroaxis 
Payment of 12600 shares by Kalish Matthew of Draftkings subject to Rule 16b-3
Walden Marni M over three months ago via Macroaxis 
Exercise or conversion by Walden Marni M of 60961 shares of Draftkings subject to Rule 16b-3
Kalish Matthew over three months ago via Macroaxis 
Disposition of 49914 shares by Kalish Matthew of Draftkings subject to Rule 16b-3

Draftkings Predictive Daily Indicators

Draftkings intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Draftkings stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Draftkings Forecast Models

Draftkings time-series forecasting models is one of many Draftkings' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Draftkings' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Draftkings Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Draftkings prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Draftkings shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Draftkings. By using and applying Draftkings Stock analysis, traders can create a robust methodology for identifying Draftkings entry and exit points for their positions.
DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people.

Current Draftkings Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Draftkings analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Draftkings analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
54.83Hold20Odds
Draftkings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Draftkings analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Draftkings stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Draftkings, talking to its executives and customers, or listening to Draftkings conference calls.
Draftkings Analyst Advice Details

Draftkings Stock Analysis Indicators

Draftkings stock analysis indicators help investors 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 understating and applying Draftkings stock analysis, traders can identify Draftkings position entry and exit signals to maximize returns.
Quick Ratio2.00
Fifty Two Week Low9.77
Revenue Growth33.60%
Shares Short Prior Month41.68M
Average Daily Volume Last 10 Day19.51M
Average Daily Volume In Three Month19.62M
Shares Percent Shares Out9.17%
Gross Margins34.02%
Short Percent Of Float9.81%
Forward Price Earnings-6.69
Float Shares392.98M
Fifty Two Week High51.30
Enterprise Value To Ebitda-3.30
Fifty Day Average16.76
Two Hundred Day Average17.86
Enterprise Value To Revenue3.77
Continue to Investing Opportunities. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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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 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.
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 Draftkings value 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.