DraftKings Stock Bullish Momentum With A 17.46% Rise On Saturday

(VIANEWS) – The NASDAQ ended the session with DraftKings jumping 17.46% to $34.04 on Saturday, following the last session’s upward trend. NASDAQ jumped 1.38% to $13,478.28, after five successive sessions in a row of gains, on what was an all-around positive trend exchanging session today.

DraftKings’s last close was $28.98, 15.98% below its 52-week high of $34.49.

About DraftKings

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.

Earnings Per Share

As for profitability, DraftKings has a trailing twelve months EPS of $-2.58.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -83.93%.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 30% and 115.1%, respectively.

Sales Growth

DraftKings’s sales growth is 57% for the current quarter and 40.1% for the next.

Volume

Today’s last reported volume for DraftKings is 31000600 which is 154.38% above its average volume of 12186400.

Volatility

DraftKings’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.74%, a negative 0.12%, and a positive 2.54%.

DraftKings’s highest amplitude of average volatility was 1.69% (last week), 2.98% (last month), and 2.54% (last quarter).

More news about DraftKings (DKNG).

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