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DKNG Stock Summary and Trading Ideas (Draftkings - Class A | NASDAQ:DKNG)

Charts for Today's Stock Price and Implied Volatility in Draftkings - Class A

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30-Day Implied Volatility | IV30 Full Chart

Trade Ideas for Best Option Strategies for DKNG by Theoretical Edge and Win Rates

Sentiment

News

Should you buy DKNG stock before earnings?

Market Chameleon (Wed, 5-Feb 6:00 AM ET)

Bad beat: Ohio's governor wants to double the sports betting tax rate to 40%

Seeking Alpha News (Wed, 5-Feb 6:48 AM ET)

Robinhood Ends Super Bowl LIX Bets Plan After CFTC Complaint: 'Work To Roll Out A More Comprehensive Contracts Platform Later This Year'

Benzinga (Tue, 4-Feb 5:52 PM ET)

Super Bowl midweek preview: Sportsbooks want the Kansas Chiefs to win in a low-scoring game

Seeking Alpha News (Tue, 4-Feb 5:08 PM ET)

Delta Air Lines partners with DraftKings on in-flight gaming entertainment

Seeking Alpha News (Mon, 3-Feb 3:02 PM ET)

BTIG Keeps Their Buy Rating on DraftKings (DKNG)

TipRanks (Mon, 3-Feb 6:57 AM ET)

DraftKings to Release Fourth Quarter and Full Year 2024 Results on February 13, 2025 and Host Conference Call on February 14, 2025

Globe Newswire (Thu, 23-Jan 4:15 PM ET)

Arizona Winner Sets New Jackpocket Record, Wins $112 Million Mega Millions Jackpot From Ticket Ordered Using Jackpocket App

PRNewswire (Sat, 18-Jan 4:40 PM ET)

DraftKings Announces Jason Robins' Participation in Upcoming Event

Globe Newswire (Fri, 29-Nov 8:00 AM ET)

DraftKings Reports Third Quarter Revenue Growth of 39% to $1,095 Million; Introduces Fiscal Year 2025 Revenue Guidance of $6.2 Billion to $6.6 Billion and Reiterates Fiscal Year 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion

Globe Newswire (Thu, 7-Nov 4:15 PM ET)

Trading Statistics

Key Ratios

Draftkings - Class A (DKNG) Frequently Asked Questions

What does Draftkings - Class A do?

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 30 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

What symbol and exchange does Draftkings - Class A shares trade?

Draftkings - Class A trades on the NASDAQ stock market under the symbol DKNG.

What is Draftkings - Class A stock price doing today?

As of February 5, 2025, DKNG stock price climbed to $42.24 with 5,781,083 million shares trading.

What is Draftkings - Class A's Beta?

DKNG has a beta of 1.88, meaning it tends to be more sensitive to market movements. DKNG has a correlation of 0.28 to the broad based SPY ETF.

How much is Draftkings - Class A worth?

DKNG has a market cap of $20.60 billion. This is considered a Large Cap stock.

How much money does Draftkings - Class A make?

Last quarter Draftkings - Class A reported $1 billion in Revenue and -$.17 earnings per share. This fell short of revenue expectation by $-15 million and exceeded earnings estimates by $.25.

What is the highest and lowest price Draftkings - Class A traded in the last 3 year period?

In the last 3 years, DKNG traded as high as $49.57 and as low as $9.77.

What are the top ETFs holding Draftkings - Class A?

The top ETF exchange traded funds that DKNG belongs to (by Net Assets): VTI, VB, VXF, VBK, ARKK.

Is Draftkings - Class A (DKNG) a good investment?

DKNG has underperformed the market in the last year with a return of +1.6%, while SPY returned +23.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DKNG shares. However, DKNG has outperformed the market in the last 3 month and 2 week periods, returning +18.4% and +1.8%, while SPY returned +6.4% and +0.2%, respectively. This indicates DKNG has been having a stronger performance recently.

What are the support and resistance levels for Draftkings - Class A (DKNG)?

DKNG support price is $40.59 and resistance is $42.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DKNG shares will trade within this expected range on the day.