Draftkings Stock Price on December 10, 2024
| DKNG Stock | USD 39.40 1.32 3.24% |
Below is the normalized historical share price chart for DraftKings extending back to July 25, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DraftKings stands at 39.40, as last reported on the 19th of December, with the highest price reaching 39.52 and the lowest price hitting 38.26 during the day.
If you're considering investing in DraftKings Stock, it is important to understand the factors that can impact its price. At this point, DraftKings is very steady. DraftKings secures Sharpe Ratio (or Efficiency) of 0.014, which denotes the company had a 0.014% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for DraftKings, which you can use to evaluate the volatility of the firm. Please confirm DraftKings' Semi Deviation of 2.11, mean deviation of 1.82, and Downside Deviation of 2.29 to check if the risk estimate we provide is consistent with the expected return of 0.0343%.
At this time, DraftKings' Capital Stock is most likely to decrease significantly in the upcoming years. The DraftKings' current Stock Based Compensation To Revenue is estimated to increase to 0.18, while Common Stock Total Equity is projected to decrease to roughly 68.4 K. . The DraftKings' current Price Earnings To Growth Ratio is estimated to increase to 0.47, while Price To Sales Ratio is projected to decrease to 4.23. DraftKings Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 24th of April 2020 | 200 Day MA 39.5937 | 50 Day MA 39.9908 | Beta 1.819 |
DraftKings |
Sharpe Ratio = 0.014
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| Negative Returns | DKNG |
Estimated Market Risk
| 2.44 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average DraftKings is performing at about 1% 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.
Price Book 17.7811 | Enterprise Value Ebitda (36.37) | Price Sales 4.3111 | Shares Float 476.9 M | Wall Street Target Price 51.1626 |
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DraftKings Valuation on December 10, 2024
It is possible to determine the worth of DraftKings on a given historical date. On December 10, 2024 DraftKings was worth 42.5 at the beginning of the trading date compared to the closed value of 41.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DraftKings stock. Still, in general, we apply an absolute valuation method to find DraftKings' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of DraftKings where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DraftKings' related companies.
| Open | High | Low | Close | Volume | |
| 43.85 | 43.85 | 42.46 | 42.48 | 8,206,891 | |
12/10/2024 | 42.50 | 43.27 | 41.66 | 41.70 | 5,436,418 |
| 42.06 | 42.48 | 41.62 | 41.65 | 4,896,366 |
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DraftKings Trading Date Momentum on December 10, 2024
| On December 11 2024 DraftKings was traded for 41.65 at the closing time. The top price for the day was 42.48 and the lowest listed price was 41.62 . The trading volume for the day was 4.9 M. The trading history from December 11, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.12% . The overall trading delta against the current closing price is 6.40% . |
DraftKings Fundamentals Correlations and Trends
By evaluating DraftKings' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among DraftKings' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DraftKings financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DraftKings Stock history
DraftKings investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DraftKings is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DraftKings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DraftKings stock prices may prove useful in developing a viable investing in DraftKings
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 462.6 M | 339.6 M | |
| Net Loss | -1.2 B | -1.2 B |
DraftKings Stock Technical Analysis
DraftKings technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
DraftKings Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
DraftKings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
DraftKings December 19, 2024 Market Strength
Market strength indicators help investors to 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 undertsting and applying DraftKings stock market strength indicators, traders can identify DraftKings entry and exit signals to maximize returns
DraftKings Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DraftKings' price direction in advance. Along with the technical and fundamental analysis of DraftKings Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DraftKings to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0473 | |||
| Jensen Alpha | 0.1194 | |||
| Total Risk Alpha | 0.0556 | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | (0.41) |
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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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