Here Are Some Essential Facts About DraftKings

By Chris Stiles • Friday, October 13 12:17 • Permanent Link

DraftKings sank -3.0% today, compared to the S&P 500's day change of -0.0%. Today's losers may turn out to be tomorrow's winners, so be sure to check the stock's fundamentals before making an investment decision:

DraftKings has moved 129.0% over the last year, and the S&P 500 logged a change of 22.0%
DKNG has an average analyst rating of buy and is -20.96% away from its mean target price of $36.14 per share
Its trailing earnings per share (EPS) is $-2.51
DraftKings has a trailing 12 month Price to Earnings (P/E) ratio of -11.4 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $-0.56 and its forward P/E ratio is -51.0
The company has a Price to Book (P/B) ratio of 12.99 in contrast to the S&P 500's average ratio of 2.95
DraftKings is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.33 and an average P/B of 3.12
The company has a free cash flow of $9.59 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

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.