What was the price of DraftKings stock in June?
Averaged DraftKings stock price for month 22.81. Price at the end 22.99, change for June 3.19%. DraftKings stock predictions for July 2022. The forecast for beginning of July 22.99.
How much of DraftKings'stock is owned by institutions?
63.23% of the stock of DraftKings is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for DraftKings are expected to grow in the coming year, from ($3.62) to ($3.02) per share.
Is DraftKings a buy or sell on Wall Street?
DraftKings has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 16 buy ratings, 10 hold ratings, and 1 sell rating. According to analysts' consensus price target of $60.69, DraftKings has a forecasted upside of 122.8% from its current price of $27.24.
How much money does DraftKings make?
DraftKings has a market capitalization of $11.07 billion and generates $614.53 million in revenue each year. The company earns $-1.23 billion in net income (profit) each year or ($3.67) on an earnings per share basis. How many employees does DraftKings have?
Should I buy or sell DraftKings stock right now?
22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are current...
What is DraftKings' stock price forecast for 2022?
22 Wall Street analysts have issued 1-year target prices for DraftKings' shares. Their forecasts range from $16.00 to $85.00. On average, they anti...
How has DraftKings' stock performed in 2022?
DraftKings' stock was trading at $27.47 at the beginning of 2022. Since then, DKNG stock has decreased by 52.3% and is now trading at $13.10. View...
When is DraftKings' next earnings date?
DraftKings is scheduled to release its next quarterly earnings announcement on Friday, August 5th 2022. View our earnings forecast for DraftKings .
How were DraftKings' earnings last quarter?
DraftKings Inc. (NASDAQ:DKNG) issued its quarterly earnings data on Friday, May, 6th. The company reported ($1.14) earnings per share for the quart...
What guidance has DraftKings issued on next quarter's earnings?
DraftKings issued an update on its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of for th...
Who are DraftKings' key executives?
DraftKings' management team includes the following people: Mr. Jason D. Robins , Co-Founder, Chairman & CEO (Age 41, Pay $2.73M) ( LinkedIn Prof...
What is Jason Robins' approval rating as DraftKings' CEO?
102 employees have rated DraftKings CEO Jason Robins on Glassdoor.com . Jason Robins has an approval rating of 99% among DraftKings' employees. Th...
Who are some of DraftKings' key competitors?
Some companies that are related to DraftKings include Vail Resorts (MTN) , International Game Technology (IGT) , Madison Square Garden Sports (M...
About DraftKings
Headlines
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.
DraftKings (NASDAQ:DKNG) Frequently Asked Questions
DraftKings Could Face Margin Headwinds This Year. Analysts Slash Their Targets. - Barron's
What is a Draftkings?
28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DraftKings in the last twelve months. There are currently 10 hold ratings and 18 buy ratings for the stock.
Where is DraftKings betting?
DraftKings is an American daily fantasy sports contest and sports betting operator.
What would happen if Draftkings earned a high revenue multiple?
Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Indiana, Pennsylvania, West Virginia and opened in New Hampshire December 30, 2019 after reaching contract with the New Hampshire Lottery. Retail sports betting is available in Iowa, Mississippi and New York.
What is the TAM for Draftkings?
If DraftKings earns a high revenue multiple on that hypothetical future revenue, it would imply a market valuation in the tens of billions. This type of math and speculation requires believing in the company as well as the industry's potential which may or may not shake out.
How is market capitalization calculated?
The most relevant metric for valuing DraftKings would probably be the total addressable market (TAM). DraftKings has noted that it expects the TAM for U.S. online gambling to eventually be as high as $40 billion!
What is warrants in stock?
Market capitalization measures how much a company's equity is worth, and it is defined by multiplying the stock price by the number of shares outstanding. Market cap seems like a straightforward calculation, but it is often obscured by share-based compensation, mergers, accounting, or other issues. When DraftKings went public in April 2020, it ...
How much would adding 35.4 million shares increase the company's share count?
Warrants are a type of financial derivative that can be exercised to acquire stock (similar to call options). The warrants DraftKings issued are in the process of being converted into common shares. That process is expected to result in the issuance of 16.3 million additional shares of stock later this year.
Is Draftkings stock profitable?
Adding 35.4 million shares would increase the company's share count (and therefore its market cap) by roughly 10%, making the stock that much more expensive for investors. It is up to investors how they would like to calculate market cap regarding the dilutive shares.
Is Draftkings a valuable business?
Even more confounding is that DraftKings is not a profitable company.
What happened
Therefore, most traditional valuation metrics like the price-to-earnings ratio are not relevant. That doesn't mean DraftKings isn't a valuable business; it just means investors need to look to other metrics. The most relevant metric for valuing DraftKings would probably be the total addressable market (TAM).
So what
Shares of DraftKings (NASDAQ: DKNG) rose on Tuesday following analyst commentary. As of 11:40 a.m. ET, the sports book operator's stock price was up more than 3%.
Now what
Several Wall Street investment firms cut their price targets on DraftKings' stock after the fantasy sports and gambling company said it would generate larger losses than many investors expected in 2022. Despite the reduction to estimates, many of these new forecasts are still well above DraftKings' current share price of near $18.
The Motley Fool
DraftKings' stock price is likely to remain volatile, as investors struggle to weigh its massive growth potential against its mounting near-term losses. Yet analysts continue to defend the stock, and if DraftKings can make progress toward achieving profitability, its share price could ascend toward their lofty targets.
