DraftKings Inc

Company Profile

DraftKings Inc had its IPO on 2020-04-24 under the ticker symbol DKNG.

The company operates in the Consumer Cyclical sector and Gambling industry. DraftKings Inc has a staff strength of 4,200 employees.

Stock update

Shares of DraftKings Inc opened at $31.63 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $30.65 - $32.14, and closed at $30.69.

This is a -3.46% slip from the previous day's closing price.

A total volume of 8,341,121 shares were traded at the close of the day’s session.

In the last one week, shares of DraftKings Inc have increased by +3.54%.

DraftKings Inc's Key Ratios

DraftKings Inc has a market cap of $11.69 billion, indicating a price to book ratio of 4.3661 and a price to sales ratio of 3.05.

In the last 12-months DraftKings Inc’s revenue was $2.59 billion with a gross profit of $756.19 million and an EBITDA of $-1183401984. The EBITDA ratio measures DraftKings Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, DraftKings Inc’s operating margin was -52.78% while its return on assets stood at -22.86% with a return of equity of -108.8%.

In Q1, DraftKings Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 84.5%.

DraftKings Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-3.09 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into DraftKings Inc’s profitability.

DraftKings Inc stock is trading at a EV to sales ratio of 3.3441 and a EV to EBITDA ratio of -4.1571. Its price to sales ratio in the trailing 12-months stood at 3.05.

DraftKings Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$3.74 billion

Total Liabilities

$1.23 billion

Operating Cash Flow

$0

Capital Expenditure

$27.88 million

Dividend Payout Ratio

0%

DraftKings Inc ended 2024 with $3.74 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.74 billion while shareholder equity stood at $1.02 billion.

DraftKings Inc ended 2024 with $0 in deferred long-term liabilities, $1.23 billion in other current liabilities, 85000.00 in common stock, $-5528949000.00 in retained earnings and $886.37 million in goodwill. Its cash balance stood at $1.09 billion and cash and short-term investments were $1.09 billion. The company’s total short-term debt was $3,975,000 while long-term debt stood at $1.25 billion.

DraftKings Inc’s total current assets stands at $1.81 billion while long-term investments were $9.96 million and short-term investments were $0. Its net receivables were $165.96 million compared to accounts payable of $0 and inventory worth $0.

In 2024, DraftKings Inc's operating cash flow was $0 while its capital expenditure stood at $27.88 million.

Comparatively, DraftKings Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$30.69

52-Week High

$26.405

52-Week Low

$10.515

Analyst Target Price

$27.89

DraftKings Inc stock is currently trading at $30.69 per share. It touched a 52-week high of $26.405 and a 52-week low of $26.405. Analysts tracking the stock have a 12-month average target price of $27.89.

Its 50-day moving average was $29.55 and 200-day moving average was $21.42 The short ratio stood at 2.26 indicating a short percent outstanding of 0%.

Around 536.9% of the company’s stock are held by insiders while 5612.4% are held by institutions.