Draftkings Stock Performance
| DKNG Stock | USD 43.00 0.09 0.21% |
On a scale of 0 to 100, DraftKings holds a performance score of 12. The firm shows a Beta (market volatility) of 1.48, 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. Please check DraftKings' value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether DraftKings' price patterns will revert.
Risk-Adjusted Performance
12 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in DraftKings are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite nearly abnormal basic indicators, DraftKings reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (0.23) | Five Day Return (1.53) | Year To Date Return 28.02 | Ten Year Return 338.67 | All Time Return 338.67 |
Last Split Factor 1:1 | Last Split Date 2022-05-05 |
1 | Deutsche Bank raises DraftKings target to 33, maintains Hold rating | 11/08/2024 |
2 | DraftKings Inc. Shares Sold by Sumitomo Mitsui Trust Group Inc. | 11/13/2024 |
3 | DraftKings Inc.s Share Price Matching Investor Opinion | 11/18/2024 |
4 | DraftKings promo code 150 bonus for Cavs-Celtics, NBA Cup games | 11/19/2024 |
5 | Disposition of 100669 shares by Jason Robins of DraftKings subject to Rule 16b-3 | 11/20/2024 |
6 | DraftKings Inc. Shares Bought by Connor Clark Lunn Investment Management Ltd. | 11/21/2024 |
7 | Wall Street Bulls Look Optimistic About DraftKings Should You Buy | 11/22/2024 |
| Begin Period Cash Flow | 1.8 B |
DraftKings |
DraftKings Relative Risk vs. Return Landscape
If you would invest 3,435 in DraftKings on August 28, 2024 and sell it today you would earn a total of 865.00 from holding DraftKings or generate 25.18% return on investment over 90 days. DraftKings is currently generating 0.3879% in daily expected returns and assumes 2.5159% risk (volatility on return distribution) over the 90 days horizon. In different words, 22% of stocks are less volatile than DraftKings, and 93% 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 = 0.1542
| Best Portfolio | Best Equity | |||
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| Small Returns | DKNG | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.52 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.39 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average DraftKings is performing at about 12% 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 | -0.44 | ||||
| Return On Asset | -0.0693 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | (0.25) % | ||||
| Current Valuation | 21.48 B | ||||
| Shares Outstanding | 487.63 M | ||||
| Price To Earning | 106.37 X | ||||
| Price To Book | 19.53 X | ||||
| Price To Sales | 4.56 X | ||||
| Revenue | 3.67 B | ||||
| Gross Profit | 756.19 M | ||||
| EBITDA | (586.65 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 | 2.21 X | ||||
| Cash Flow From Operations | (1.75 M) | ||||
| Earnings Per Share | (0.87) X | ||||
| Market Capitalization | 21.01 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
By analyzing DraftKings' fundamental ratios, stakeholders can gain valuable insights into DraftKings' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if DraftKings has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if DraftKings has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| 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 | (0.33) | (0.35) | |
| Return On Assets | (0.20) | (0.21) | |
| Return On Equity | (0.95) | (1.00) |
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. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Wall Street Bulls Look Optimistic About DraftKings Should You Buy |
- 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.
Complementary Tools for DraftKings Stock analysis
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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