Draftkings Stock Analysis

DraftKings Stock Analysis Notes

About 77.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 0.67. DraftKings recorded a loss per share of 0.87. The entity had not issued any dividends in recent years. The firm had 1:1 split on the 5th of May 2022. 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

DraftKings Upcoming and Recent Events

DraftKings Largest EPS Surprises

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DraftKings Environmental, Social, and Governance (ESG) Scores

DraftKings Thematic Classifications

DraftKings Stock Institutional Investors

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 'Large-Cap' category with a current market capitalization of 21.01 B.

DraftKings Profitablity

The company has Profit Margin (PM) of (0.09) %, 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 (0.25) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.25.

Management Efficiency

DraftKings has return on total asset (ROA) of (0.0693) % which means that it has lost $0.0693 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4443) %, 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 Return On Tangible Assets is estimated to decrease to -0.36. The current Return On Capital Employed is estimated to decrease to -0.35. At this time, DraftKings' Debt To Assets are most likely to increase slightly in the upcoming years. The DraftKings' current Fixed Asset Turnover is estimated to increase to 32.55, while Other Assets are projected to decrease to 0.95.

Technical Drivers

As of the 25th of November, DraftKings shows the Semi Deviation of 2.1, mean deviation of 2.01, and Downside Deviation of 2.39. 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. 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 43.09 per share. Given that DraftKings has jensen alpha of 0.1473, 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

DraftKings Insider Trading Activities

DraftKings Outstanding Bonds

DraftKings Predictive Daily Indicators

DraftKings Corporate Filings

DraftKings Forecast Models

DraftKings' time-series forecasting models are one of many DraftKings' stock analysis techniques aimed at predicting 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.

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.

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.

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.

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.