DKNG Rises Today, But Is Still Off 52 Week High.

By Susan Ramirez • Friday, October 07 12:00 • Permanent Link

Mid cap Consumer Cyclical sector company DraftKings posted a 3.3% performance today, while the S%P 500 returned -2.8%. DKNG's trading volume was 39,189,342 compared to its average of 19,530,792.

DraftKings Inc. operates a digital sports entertainment and gaming company based in Boston with 3,400 full time employees. Its market capitalization is $7,432,407,040.

25 analysts are following DraftKings and have set target prices ranging from $16 to $52 per share. On average, they have given the company a rating of buy. At today's prices, DKNG is trading -37.28% away from its average analyst target price of $26.42 per share.

Over the last year, DKNG shares have gone down by -66.5%, which represents a difference of -51.8% when compared to the S&P 500. The stock's 52 week high is $51.3 per share and its 52 week low is $9.77. DraftKings has averaged free cash flows of $-190,971,250.0 over the last four years, with a mean growth rate of -114.5%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.