why draftkings stock falling

by Gardner Labadie Published 3 years ago Updated 2 years ago

DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.Feb 18, 2022

Why is DraftKings stock trading lower Tuesday?

May 06, 2022 · Shares of DraftKings (DKNG-2.00%) fell 8.9% on Friday, even after the online gambling leader boosted its full-year revenue and earnings forecast. So what The company's revenue jumped 34% year over ...

How did DraftKings' full-year earnings outlook change?

Oct 06, 2021 · The falling stock price is important for a couple of reasons. First, stock sales can be used to fund organic growth initiatives, like spending …

How did DraftKings' monthly unique payers jump 29%?

19 hours ago · Shares of Draftkings (NASDAQ: DKNG) were trading down 3% as of 1:02 p.m. ET on Tuesday. Although there was no company-specific news to explain the fall, unprofitable companies continue to get ...

Does DraftKings' updated forecast include the acquisition of Golden Nugget?

Oct 06, 2021 · The falling stock price is important for a couple of reasons. First, stock sales can be used to fund organic growth initiatives, like spending …

Why is DraftKings stock going down?

DraftKings stock is sinking after earnings.

The company's fourth-quarter revenue, earnings per share, and earnings before interest, taxes, depreciation, and amortization (Ebitda) all surpassed analysts' expectations.Feb 18, 2022

Is Draft King stock a good buy?

DraftKings is in an enviable place in the industry. It has a well-established brand, a growing customer base, dozens of potential U.S. states it can move into, high insider ownership, and a good balance sheet with $2.8 billion in cash and marginal debt on the books.

How high will DKNG stock go?

Stock Price Forecast

The 26 analysts offering 12-month price forecasts for DraftKings Inc have a median target of 25.00, with a high estimate of 60.00 and a low estimate of 16.00. The median estimate represents a +120.26% increase from the last price of 11.35.

Is DraftKings overvalued?

The shares don't allow for meaningful voting rights, and there's heavy competition in a limited niche. A discounted cash flow forecast places the intrinsic value of the company's shares at $51 per share. Above that level the company is theoretically overvalued.

Stock FAQs