Shares of Consumer Discretionary sector company DraftKings moved -2.3% today, and are now trading at a price of $41.99. The Large-Cap stock's daily volume was 16,406,622 compared to its average volume of 10,781,661. The S&P 500 index returned a -0.0% 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 4,400 full time employees. Its market capitalization is $20,349,280,256.
34 analysts are following DraftKings and have set target prices ranging from $35.0 to $89.0 per share. On average, they have given the company a rating of buy. At today's prices, DKNG is trading -19.56% away from its average analyst target price of $52.2 per share.
Over the last year, DKNG's share price has increased by 66.8%, which represents a difference of 40.5% when compared to the S&P 500. The stock's 52 week high is $49.57 per share whereas its 52 week low is $24.67. DraftKings has averaged free cash flows of $-330479000.0 over the last 3 years, but they have been increasing at a rate of 58.7%. Nonetheless, more cautious investors will probably avoid this stock until the business becomes firmly cash positive.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | -1,751 | 20,902 | -22,653 | 96.56 |
| 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 |
