17-Apr-2025
Morgan Stanley Keeps Their Buy Rating on DraftKings (DKNG)
TipRanks (Wed, 16-Apr 8:41 AM ET)
Seeking Alpha News (Tue, 15-Apr 1:59 PM ET)
DraftKings: Strong Fundamentals and Growth Potential Justify Buy Rating Despite Temporary Setbacks
TipRanks (Tue, 15-Apr 6:55 AM ET)
These Gaming Stocks Are Under Pressure As Analyst Cuts Forecast On Macau Risk And Soft Vegas Data
Benzinga (Mon, 14-Apr 3:43 PM ET)
DraftKings attracts a bull rating from CFRA on 'attractive' entry point
Seeking Alpha News (Mon, 14-Apr 3:26 PM ET)
DraftKings Renews State Council Funding Program and Expands Responsible Gaming Initiatives
Globe Newswire (Wed, 5-Mar 12:00 PM ET)
DraftKings Announces Close of $600 Million Upsized Term Loan B Facility
Globe Newswire (Tue, 4-Mar 9:20 AM ET)
DraftKings Announces Jason Robins' Participation in Upcoming Event
Globe Newswire (Mon, 3-Mar 9:00 AM ET)
DraftKings Announces Launch of $500 Million Term Loan B Facility
Globe Newswire (Tue, 18-Feb 6:53 AM ET)
DraftKings Reports Fourth Quarter and Fiscal Year 2024 Results
Globe Newswire (Thu, 13-Feb 4:15 PM ET)
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 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Draftkings - Class A trades on the NASDAQ stock market under the symbol DKNG.
As of April 17, 2025, DKNG stock price declined to $33.61 with 6,599,709 million shares trading.
DKNG has a beta of 1.83, meaning it tends to be more sensitive to market movements. DKNG has a correlation of 0.35 to the broad based SPY ETF.
DKNG has a market cap of $16.80 billion. This is considered a Large Cap stock.
Last quarter Draftkings - Class A reported $1 billion in Revenue and $.14 earnings per share. This fell short of revenue expectation by $-37 million and exceeded earnings estimates by $.29.
In the last 3 years, DKNG traded as high as $53.61 and as low as $9.77.
The top ETF exchange traded funds that DKNG belongs to (by Net Assets): VTI, VB, VXF, VBK, ARKK.
DKNG has underperformed the market in the last year with a return of -25.2%, while the SPY ETF gained +6.0%. In the last 3 month period, DKNG fell short of the market, returning -15.3%, while SPY returned -10.7%. However, in the most recent 2 weeks DKNG has outperformed the stock market by returning -2.4%, while SPY returned -6.8%.
DKNG support price is $32.11 and resistance is $35.13 (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.