Shares of Consumer Discretionary sector company DraftKings moved 0.3% today, and are now trading at a price of $35.47. The mid-cap stock's daily volume was 3,404,233 compared to its average volume of 12,840,468. The S&P 500 index returned a 1.0% performance.
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company is based in Boston and has 4,200 full time employees. Its market capitalization is $16,535,272,448.
31 analysts are following DraftKings and have set target prices ranging from $22.5 to $50.0 per share. On average, they have given the company a rating of buy. At today's prices, DKNG is trading -11.05% away from its average analyst target price of $39.87 per share.
Over the last year, DKNG's share price has increased by 203.2%, which represents a difference of 179.6% when compared to the S&P 500. The stock's 52 week high is $39.35 per share whereas its 52 week low is $10.69. DraftKings has averaged free cash flows of $-388480750.0 over the last 4 years, with a mean growth rate of -12.5%. It is unlikely that the stock can sustain its current performance trend for the long term when the underlying business is experiencing such poor cash flows.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | -222,276 | 32,384 | -254,660 | 61.29 |
| 2022 | -625,519 | 32,402 | -657,921 | -51.1 |
| 2021 | -419,508 | 15,925 | -435,433 | -111.47 |
| 2020 | -194,157 | 11,752 | -205,909 |
