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DraftKings Inc is a gambling business based in the US. DraftKings shares (DKNG) are listed on the NASDAQ and all prices are listed in US Dollars. DraftKings employs 869 staff and has a trailing 12-month revenue of around USD$423.2 million.
|52-week range||USD$10.6 - USD$64.78|
|50-day moving average||USD$55.9113|
|200-day moving average||USD$48.1952|
|Wall St. target price||USD$63.04|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.0462|
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Valuing DraftKings stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of DraftKings's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
DraftKings's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 395x. In other words, DraftKings shares trade at around 395x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
|Revenue TTM||USD$423.2 million|
|Gross profit TTM||USD$219.5 million|
|Return on assets TTM||-24.84%|
|Return on equity TTM||-61.81%|
|Market capitalisation||USD$23.6 billion|
TTM: trailing 12 months
There are currently 16.2 million DraftKings shares held short by investors – that's known as DraftKings's "short interest". This figure is 9.1% down from 17.8 million last month.
There are a few different ways that this level of interest in shorting DraftKings shares can be evaluated.
DraftKings's "short interest ratio" (SIR) is the quantity of DraftKings shares currently shorted divided by the average quantity of DraftKings shares traded daily (recently around 15.6 million). DraftKings's SIR currently stands at 1.04. In other words for every 100,000 DraftKings shares traded daily on the market, roughly 1040 shares are currently held short.
However DraftKings's short interest can also be evaluated against the total number of DraftKings shares, or, against the total number of tradable DraftKings shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case DraftKings's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 DraftKings shares in existence, roughly 40 shares are currently held short) or 0.0584% of the tradable shares (for every 100,000 tradable DraftKings shares, roughly 58 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against DraftKings.
Find out more about how you can short DraftKings stock.
We're not expecting DraftKings to pay a dividend over the next 12 months.
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. DraftKings Inc. is headquartered in Boston, Massachusetts.
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