DKNG - DraftKings Inc Stock Price, Fair Value and News

43.28USD-0.75 (-1.70%)Market Closed

Market Summary

USD43.28-0.75

Market Closed

-1.70%

DKNG Alerts

1 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)
Losses in recent quarter

DKNG Stock Price

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DKNG RSI Chart

DKNG Valuation

Market Cap

38.2B

Price/Earnings (Trailing)

-69.7

Price/Sales (Trailing)

9.38

EV/EBITDA

-111.4

Price/Free Cashflow

339.22

DKNG Price/Sales (Trailing)

DKNG Profitability

Operating Margin

39.07%

EBT Margin

-13.24%

Return on Equity

-65.89%

Return on Assets

-14.41%

Free Cashflow Yield

0.29%

DKNG Fundamentals

DKNG Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

52.67%

Rev. Growth (Qtr)

-4.54%

DKNG Earnings

Earnings (TTM)

-547.6M

Earnings Growth (Yr)

64.1%

Earnings Growth (Qtr)

-219.51%

Breaking Down DKNG Revenue

52 Week Range

44.03

(Low)(High)

Last 7 days

2.4%

Last 30 days

-3.3%

Last 90 days

1.5%

How does DKNG drawdown profile look like?

DKNG Financial Health

Current Ratio

1.34

DKNG Investor Care

Shares Dilution (1Y)

2.60%

Diluted EPS (TTM)

-1.17

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	4.1B	0	0	0
2023	2.6B	3.0B	3.3B	3.7B
2022	1.4B	1.6B	1.9B	2.2B
2021	784.9M	955.3M	1.1B	1.3B
2020	0	0	0	614.5M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of DraftKings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 09, 2024	robins jason	acquired	-	-	38,217	see remarks
May 09, 2024	liberman paul	sold (taxes)	-602,683	44.03	-13,688	see remarks
May 09, 2024	kalish matthew	sold (taxes)	-602,683	44.03	-13,688	see remarks
May 09, 2024	liberman paul	acquired	-	-	28,309	see remarks
May 09, 2024	kalish matthew	acquired	-	-	28,309	see remarks
May 09, 2024	dodge r stanton	sold (taxes)	-272,678	44.03	-6,193	chief legal officer
May 09, 2024	robins jason	sold (taxes)	-813,586	44.03	-18,478	see remarks
May 09, 2024	dodge r stanton	acquired	-	-	14,154	chief legal officer
May 08, 2024	kalish matthew	acquired	100,119	4.7	21,302	see remarks
May 08, 2024	robins jason	sold	-8,534,000	42.67	-200,000	see remarks

Which funds bought or sold DKNG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Baltimore-Washington Financial Advisors, Inc.	reduced	-0.56	193,501	882,180	0.06%
May 08, 2024	ACORN FINANCIAL ADVISORY SERVICES INC /ADV	reduced	-1.02	476,283	2,207,520	0.42%
May 08, 2024	NewSquare Capital LLC	unchanged	-	15,524	69,386	0.01%
May 08, 2024	Addison Capital Co	reduced	-4.07	226,811	1,188,610	0.59%
May 08, 2024	Bell Investment Advisors, Inc	unchanged	-	5,740	25,657	-%
May 08, 2024	XR Securities LLC	new	-	941,122	941,122	0.03%
May 08, 2024	Russell Investments Group, Ltd.	reduced	-12.95	371,162	3,427,540	-%
May 08, 2024	Interchange Capital Partners, LLC	reduced	-26.36	-14,253	277,409	0.19%
May 08, 2024	US BANCORP \DE\	reduced	-5.76	168,750	957,151	-%
May 08, 2024	Entropy Technologies, LP	sold off	-100	-2,776,360	-	-%

Are Funds Buying or Selling DKNG?

Are funds buying DKNG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own DKNG

No. of Funds

Unveiling DraftKings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	8.42%	39,263,911	SC 13G/A
Feb 10, 2023	ark investment management llc	5.58%	25,032,084	SC 13G/A
Feb 09, 2022	ark investment management llc	5.17%	20,996,534	SC 13G
Feb 09, 2022	vanguard group inc	6.48%	26,338,845	SC 13G/A
May 28, 2021	meckenzie shalom	0.7%	2,652,329	SC 13D/A
Feb 10, 2021	vanguard group inc	6.00%	23,505,638	SC 13G
Feb 10, 2021	walt disney co	4.8%	18,718,527	SC 13G/A
Oct 13, 2020	rpii dk llc	4.5%	16,895,490	SC 13D/A
Oct 13, 2020	meckenzie shalom	6.2%	23,611,173	SC 13D/A
Jun 25, 2020	meckenzie shalom	8.7%	30,560,261	SC 13D/A

Recent SEC filings of DraftKings Inc

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 08, 2024	144	Notice of Insider Sale Intent
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	3	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading

Peers (Alternatives to DraftKings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BKNG	128.3B	22.0B	5.59%	42.93%	26.74	5.83	21.07%	19.26%
ABNB	93.8B	10.2B	-9.60%	29.91%	19	9.16	17.60%	143.42%
DKNG	38.2B	4.1B	-3.29%	-	-69.7	9.38	57.00%	58.12%
RCL	36.5B	14.7B	6.44%	83.72%	17.33	2.47	38.21%	303.01%
CCL	16.4B	22.6B	-6.00%	38.89%	40.38	0.72	77.46%	108.27%
MGM	12.8B	16.7B	-11.98%	-4.73%	14.35	0.77	17.87%	-54.40%
MID-CAP
HAS	8.5B	4.8B	6.44%	1.73%	-6.03	1.78	-16.42%	-1272.21%
NCLH	6.9B	8.9B	-16.59%	14.99%	20.26	0.78	76.51%	123.70%
MAT	6.5B	5.4B	-1.57%	3.06%	22.2	1.19	4.38%	9.98%
PENN	2.5B	6.3B	-10.08%	-36.63%	-2.21	0.39	-3.29%	-263.41%
SMALL-CAP
PTON	1.6B	2.7B	13.16%	-40.64%	-2.15	0.61	-4.86%	66.45%
ACEL	829.9M	1.2B	-15.09%	7.96%	18.93	0.7	10.59%	-35.05%
AGS	448.2M	369.3M	17.36%	122.75%	87.76	1.21	15.51%	20.88%
CLAR	262.0M	257.9M	3.80%	-20.30%	25.83	1.02	-16.24%	113.80%
CNTY	93.3M	577.7M	-8.71%	-56.01%	-2.3	0.16	32.52%	-721.63%

DraftKings Inc News

Latest updates

DraftKings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Revenue	-4.5%	1,174,996,000	1,230,857,000	789,957,000	874,927,000	769,652,000	855,133,000	501,938,000	466,185,000	417,205,000	473,325,000	212,819,000	297,605,000	312,276,000	-
Cost Of Revenue	-0.9%	710,069,000	716,658,000	543,454,000	510,323,000	521,740,000	485,435,000	372,692,000	312,767,000	313,379,000	253,182,000	170,749,000	187,006,000	183,225,000	-
S&GA Expenses	17.2%	340,699,000	290,775,000	313,323,000	207,487,000	389,133,000	345,282,000	321,714,000	197,529,000	321,452,000	278,444,000	303,658,000	170,712,000	228,686,000	-
EBITDA Margin	49.5%	-0.08	-0.16	-0.24	-0.32	-0.46	-0.57	-0.74	-0.95	-1.07	-1.08	-1.03	-1.21	-1.47	-1.88
Interest Expenses	-5.7%	649,000	688,000	670,000	666,000	655,000	669,000	668,000	661,000	653,000	1,038,000	-1,556,000	1,642,000	985,000	-
Income Taxes	-105.1%	-351,000	6,860,000	1,291,000	651,000	1,368,000	9,714,000	3,177,000	-81,226,000	469,000	6,615,000	3,845,000	2,404,000	-4,595,000	-
Earnings Before Taxes	-282.1%	-143,249,000	-37,492,000	-281,804,000	-76,296,000	-395,661,000	-232,567,000	-447,267,000	-298,251,000	-464,873,000	-322,949,000	-540,981,000	-302,928,000	-350,786,000	-
EBT Margin	38.7%	-0.13	-0.22	-0.30	-0.38	-0.53	-0.64	-0.82	-1.04	-1.16	-1.17	-1.09	-1.29	-1.57	-2.00
Net Income	-219.5%	-142,568,000	-44,621,000	-283,103,000	-77,270,000	-397,148,000	-242,697,000	-450,494,000	-217,103,000	-467,693,000	-326,297,000	-545,028,000	-305,526,000	-346,344,000	-
Net Income Margin	38.5%	-0.13	-0.22	-0.30	-0.39	-0.50	-0.62	-0.79	-0.99	-1.17	-1.18	-1.09	-1.29	-1.57	-2.00
Free Cashflow	-203.3%	-73,420,000	71,050,000	135,159,000	-20,276,000	-208,586,000	-160,957,000	46,796,000	-178,428,000	-365,332,000	-177,001,000	-75,836,000	-120,470,000	-62,126,000	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet										(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.7%	3,801	3,945	3,862	3,606	3,739	4,040	4,192	4,154	3,746	4,069
Current Assets	-6.4%	1,938	2,071	1,968	1,719	1,806	2,085	2,193	2,138	2,398	2,753
Cash Equivalents	16.7%	1,483	1,271	1,112	1,114	1,088	1,309	1,383	1,514	1,773	2,153
Net PPE	-1.5%	60.00	61.00	65.00	60.00	62.00	60.00	58.00	54.00	50.00	46.00
Goodwill	0%	886	886	886	886	886	886	894	894	616	616
Liabilities	-4.3%	2,970	3,105	3,060	2,588	2,721	2,717	2,757	2,390	2,361	2,391
Current Liabilities	-7.0%	1,442	1,550	1,528	1,077	1,232	1,246	1,285	921	913	929
Shareholder's Equity	-1.1%	831	840	801	1,018	1,018	1,323	1,435	1,764	1,386	1,679
Retained Earnings	-2.4%	-6,076	-5,933	-5,889	-5,606	-5,528	-5,131	-4,889	-4,438	-4,221	-3,753
Additional Paid-In Capital	2.3%	7,317	7,150	7,046	6,961	6,870	6,750	6,616	6,490	5,891	5,702
Float	-	-	-	-	10,900	-	-	-	5,000	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)														(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Cashflow From Operations	-197.7%	-70,395	72,067	145,395	-17,721	-201,492	-148,458	52,242	-172,585	-356,718	-172,247	-70,886	-116,638	-59,737	-
Share Based Compensation	-17.6%	93,535	113,517	78,353	89,193	117,400	130,163	126,038	135,521	187,077	184,047	175,664	171,739	151,843	-
Cashflow From Investing	-67.2%	-39,199	-23,442	-39,966	612	-27,564	-36,834	-24,464	-124,403	-23,065	-76,327	-18,116	-48,658	-51,921	-
Cashflow From Financing	-141.0%	-30,642	-12,712	-12,661	-12,682	-25,166	111	-4,312	-218	-12,313	4,684	2,218	3,143	1,128,768	-
Buy Backs	61.8%	33,499	20,698	18,167	13,826	27,358	3,507	4,536	3,393	14,083	3,496	4,437	6,773	3,124	-

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DKNG Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 1,174,996	$ 769,652
Cost of revenue	710,069	521,740
Sales and marketing	340,699	389,133
Product and technology	88,815	88,088
General and administrative	174,251	160,476
Loss from operations	(138,838)	(389,785)
Other income (expense):
Interest income	15,067	11,795
Interest expense	(649)	(655)
Loss on remeasurement of warrant liabilities	(18,094)	(17,035)
Other (loss) gain, net	(735)	19
Loss before income tax (benefit) provision and (income) loss from equity method investment	(143,249)	(395,661)
Income tax (benefit) provision	(351)	1,368
(Income) loss from equity method investment	(330)	119
Net loss attributable to common stockholders	$ (142,568)	$ (397,148)
Loss per share attributable to common stockholders:
Basic (in dollars per share)	$ (0.30)	$ (0.87)
Diluted (in dollars per share)	$ (0.30)	$ (0.87)

DKNG Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,192,662	$ 1,270,503
Restricted cash	12,454	11,700
Cash reserved for users	278,141	341,290
Receivables reserved for users	265,961	301,770
Accounts receivable	53,321	47,539
Prepaid expenses and other current assets	135,434	98,565
Total current assets	1,937,973	2,071,367
Property and equipment, net	59,797	60,695
Intangible assets, net	682,350	690,620
Goodwill	886,373	886,373
Operating lease right-of-use assets	90,554	93,985
Equity method investments	11,380	10,280
Deposits and other non-current assets	132,226	131,546
Total assets	3,800,653	3,944,866
Current liabilities:
Accounts payable and accrued expenses	605,880	639,599
Liabilities to users	770,535	851,898
Operating lease liabilities, current portion	11,274	11,499
Other current liabilities	53,921	46,624
Total current liabilities	1,441,610	1,549,620
Convertible notes, net of issuance costs	1,254,408	1,253,760
Non-current operating lease liabilities	78,930	80,827
Warrant liabilities	35,485	63,568
Long-term income tax liability	71,283	72,810
Other long-term liabilities	87,958	83,975
Total liabilities	2,969,674	3,104,560
Commitments and contingent liabilities (Note 11)
Stockholders' equity:
Treasury stock, at cost; 12,683 and 11,901 shares as of March 31, 2024 and December 31, 2023, respectively	(445,681)	(412,182)
Additional paid-in capital	7,316,598	7,149,858
Accumulated deficit	(6,076,511)	(5,933,943)
Accumulated other comprehensive income	36,488	36,488
Total stockholders’ equity	830,979	840,306
Total liabilities and stockholders’ equity	3,800,653	3,944,866
Class A Common Stock
Stockholders' equity:
Common stock	46	46
Class B Common Stock
Stockholders' equity:
Common stock	$ 39	$ 39

About DraftKings Inc

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

CEO	Mr. Jason D. Robins
WEBSITE	draftkings.com
INDUSTRY	Leisure
EMPLOYEES	4200

DraftKings Inc Frequently Asked Questions

What is the ticker symbol for DraftKings Inc? What does DKNG stand for in stocks?

DKNG is the stock ticker symbol of DraftKings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of DraftKings Inc (DKNG)?

As of Thu May 09 2024, market cap of DraftKings Inc is 38.17 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of DKNG stock?

You can check DKNG's fair value in chart for subscribers.

What is the fair value of DKNG stock?

You can check DKNG's fair value in chart for subscribers. The fair value of DraftKings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of DraftKings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for DKNG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is DraftKings Inc a good stock to buy?

The fair value guage provides a quick view whether DKNG is over valued or under valued. Whether DraftKings Inc is cheap or expensive depends on the assumptions which impact DraftKings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for DKNG.

What is DraftKings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, DKNG's PE ratio (Price to Earnings) is -69.7 and Price to Sales (PS) ratio is 9.38. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. DKNG PE ratio will change depending on the future growth rate expectations of investors.