Draftkings Stock Today
| DKNG Stock | USD 43.65 0.62 1.44% |
Performance14 of 100
| Odds Of DistressLess than 10
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DraftKings is trading at 43.65 as of the 30th of November 2024. This is a 1.44 percent increase since the beginning of the trading day. The stock's lowest day price was 43.18. DraftKings has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Note, on February 11, 2022, Representative Charles J Chuck Fleischmann of US Congress acquired under $15k worth of DraftKings's common stock.
Business Domain Consumer Services | IPO Date 24th of April 2020 | Category Consumer Cyclical | Classification Consumer Discretionary |
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. The company has 487.63 M outstanding shares of which 22.56 M shares are currently shorted by private and institutional investors with about 2.3 trading days to cover. More on DraftKings
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Moving against DraftKings Stock
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DraftKings Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President CoFounder | Paul Liberman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, Gambling, Online Gaming, Entertainment, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Gambling, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsDraftKings can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand DraftKings' financial leverage. It provides some insight into what part of DraftKings' total assets is financed by creditors.
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DraftKings (DKNG) is traded on NASDAQ Exchange in USA. It is located in 222 Berkeley Street, Boston, MA, United States, 02116 and employs 4,400 people. DraftKings is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 21.28 B. DraftKings conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 487.63 M outstanding shares of which 22.56 M shares are currently shorted by private and institutional investors with about 2.3 trading days to cover.
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.
Check DraftKings Probability Of Bankruptcy
Ownership AllocationDraftKings holds a total of 487.63 Million outstanding shares. The majority of DraftKings outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in DraftKings to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in DraftKings. Please pay attention to any change in the institutional holdings of DraftKings as this could imply that something significant has changed or is about to change at the company. On February 11, 2022, Representative Charles J Chuck Fleischmann of US Congress acquired under $15k worth of DraftKings's common stock.
Check DraftKings Ownership Details
DraftKings Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Amvescap Plc. | 2024-06-30 | 6.6 M | |
| Fmr Inc | 2024-09-30 | 6.5 M | |
| Ark Investment Management Llc | 2024-09-30 | 6 M | |
| Nikko Asset Management Americas Inc | 2024-06-30 | 5.9 M | |
| Atlas Venture Advisors, Inc. | 2024-09-30 | 5.9 M | |
| Capital Research Global Investors | 2024-09-30 | 5.8 M | |
| Massachusetts Financial Services Company | 2024-09-30 | 5.8 M | |
| Samlyn Capital, Llc | 2024-09-30 | 5.7 M | |
| Norges Bank | 2024-06-30 | 5.7 M | |
| Vanguard Group Inc | 2024-09-30 | 42.5 M | |
| Blackrock Inc | 2024-06-30 | 30.8 M |
DraftKings Historical Income Statement
DraftKings Stock Against Markets
DraftKings Corporate Management
| Alan Ellingson | SVP Analytics | Profile | |
| Lori Kalani | Chief Officer | Profile | |
| Jason Robins | Chairman CoFounder | Profile | |
| Brian Angiolet | Chief Officer | Profile | |
| Joseph DeCristofaro | Vice Relations | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 9.655 | Quarterly Revenue Growth 0.387 | Return On Assets (0.07) | Return On Equity (0.44) |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.