Draftkings Stock Analysis

DKNG -  USA Stock  

USD 19.46  1.21  5.85%

The modest gains experienced by current holders of Draftkings could raise concerns from shareholders as the firm it trading at a share price of 19.46 on 34,621,100 in volume. The company management teams have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.46. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the Draftkings partners.
Continue to Investing Opportunities.

Draftkings Stock Analysis 

 
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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 63.0% 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 1.08. Draftkings recorded a loss per share of 3.62. The entity had not issued any dividends in recent years. DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. 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 2600 people. To learn more about Draftkings call the company at 617 986 6744 or check out https://www.draftkings.com.

Draftkings Quarterly Cost of Revenue

170.75 MillionShare

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 1.14 B. Net Loss for the year was (1.44 B) with profit before overhead, payroll, taxes, and interest of 267.94 M.
Draftkings currently holds about 2.39 B in cash with (457.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.89.
Draftkings has a poor financial position based on the latest SEC disclosures
Roughly 63.0% of the company shares are held by institutions such as insurance companies
Latest headline from seekingalpha.com: Is DraftKings Stock A Buy Or Sell With New York Sports Gambling Approval - Seeking Alpha

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 Earnings 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 Earning Announcement31st of December 2020

Draftkings Largest EPS Surprises

Earnings surprises can significantly impact Draftkings' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-05-15
2020-03-31-0.1633-0.18-0.016710 
2021-08-06
2021-06-30-0.5813-0.76-0.178730 
2021-02-26
2020-12-31-0.4935-0.68-0.186537 
View All Earnings Estimates

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 November 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
27th of September 2021
Financial Statements and Exhibits. Regulation FD Disclosure
View
9th of August 2021
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
View
6th of August 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
28th of May 2021
Unclassified Corporate Event
View
7th of May 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
30th of April 2021
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
View

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 IdeaGambling
Equities that are issued by public entities related to gambling services or online betting technology
Entertainment IdeaEntertainment
USA Equities from Entertainment industry as classified by Fama & French

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
Exchange Traded Concepts LlcCommon Shares385.6 K10.6 M
Fny Investment Advisers LlcCommon Shares83.7 K2.3 M
Integrated Investment Consultants LlcCommon Shares35 K960 K
Dnb Asset Management AsCommon Shares34.2 K939.8 K
Madden Securities CorpCommon Shares31.1 K854 K
Moody National Bank Trust DivisionCommon Shares29 K798 K
Ifp Advisors IncCommon Shares27.6 K770 K
Valeo Financial Advisors LlcCall Options6.5 K178 K
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 8.7 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 (125.74) %, 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 (122.03) %, which suggests for every $100 dollars of sales, it generated a net operating loss of -1.22.
Last ReportedProjected for 2022
Return on Average Assets(0.50) (0.54) 
Return on Average Equity(0.65) (0.67) 
Return on Invested Capital 14.40  15.54 
Return on Sales(1.80) (1.85) 

Management Efficiency

The entity has return on total asset (ROA) of (25.58) % which means that it has lost $25.58 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (75.35) %, 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. The current year Return on Invested Capital is expected to grow to 15.54, whereas Return on Average Assets are forecasted to decline to (0.54) . Draftkings Current Assets are projected to increase significantly based on the last few years of reporting. The past year's Current Assets were at 2.52 Billion. The current year Assets Non Current is expected to grow to about 1.5 B, whereas Return on Average Assets are forecasted to decline to (0.54) .
Last ReportedProjected for 2022
Book Value per Share 3.86  4.16 
Enterprise Value over EBIT(26.10) (28.16) 
Enterprise Value over EBITDA(27.40) (29.57) 
Price to Book Value 15.97  17.23 
Tangible Assets Book Value per Share 2.65  3.24 
Enterprise Value40.4 B43.6 B
Tangible Asset Value2.7 B2.9 B

Technical Drivers

As of the 23rd of January, Draftkings shows the Downside Deviation of 4.02, mean deviation of 3.34, and Semi Deviation of 3.86. 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 19.46 per share. Given that Draftkings has jensen alpha of 0.1659, 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 three hundred sixty-four with a total number of output elements of one hundred fifty-five. The Exponential Moving Average is calculated by weighting recent values of Draftkings more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

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.
Bradbury Erik over two weeks ago via Macroaxis 
Exercise or conversion by Bradbury Erik of 246 shares of Draftkings subject to Rule 16b-3
Dodge R Stanton over three weeks ago via Macroaxis 
Exercise or conversion by Dodge R Stanton of 564 shares of Draftkings subject to Rule 16b-3
Murray Steven Joseph over a month ago via Macroaxis 
Exercise or conversion by Murray Steven Joseph of 47317 shares of Draftkings subject to Rule 16b-3
Park Jason over a month ago via Macroaxis 
Exercise or conversion by Park Jason of 28000 shares of Draftkings subject to Rule 16b-3
Bradbury Erik over a month ago via Macroaxis 
Exercise or conversion by Bradbury Erik of 195 shares of Draftkings subject to Rule 16b-3
Murray Steven Joseph over two months ago via Macroaxis 
Purchase by Murray Steven Joseph of 10000 shares of Draftkings
Robins Jason over two months ago via Macroaxis 
Exercise or conversion by Robins Jason of 141092 shares of Draftkings subject to Rule 16b-3
Sloan Harry over two months ago via Macroaxis 
Acquisition by Sloan Harry of 288 shares of Draftkings subject to Rule 16b-3
Park Jason over two months ago via Macroaxis 
Exercise or conversion by Park Jason of 88000 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
Liberman Paul over three months ago via Macroaxis 
Exercise or conversion by Liberman Paul of 17232 shares of Draftkings subject to Rule 16b-3
Robins Jason over three months ago via Macroaxis 
Sale by Robins Jason of 79813 shares of Draftkings

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 stock 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 stock is reacting to, or reflecting on a current stock 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.
Last ReportedProjected for 2022
EBITDA Margin(1.69) (1.74) 
Gross Margin 0.39  0.46 
Profit Margin(1.80) (1.85) 
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. 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 2600 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 Ratio2.60
Fifty Two Week Low21.33
Revenue Growth60.20%
Shares Short Prior Month36.79M
Average Daily Volume Last 10 Day22.95M
Average Daily Volume In Three Month17.17M
Shares Percent Shares Out9.45%
Gross Margins38.84%
Short Percent Of Float11.50%
Forward Price Earnings-8.70
Float Shares353.97M
Fifty Two Week High74.38
Enterprise Value To Ebitda-7.61
Fifty Day Average31.63
Two Hundred Day Average46.89
Enterprise Value To Revenue8.52
Continue to Investing Opportunities. Note that the Draftkings information on this page should be used as a complementary analysis to other Draftkings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.