(VIANEWS) – Shares of DraftKings (NASDAQ: DKNG) rose by a staggering 32.71% in 21 sessions from $13.88 at 2023-01-20, to $18.42 at 13:00 EST on Thursday, after four sequential sessions in a row of gains. NASDAQ is falling 0.64% to $11,993.65, after three consecutive sessions in a row of gains.
DraftKings’s last close was $17.78, 28.91% below its 52-week high of $25.01.
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 $-3.62.
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 -78.41%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, DraftKings’s stock is considered to be oversold (<=20).
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 22.2% and 37.5%, respectively.
Sales Growth
DraftKings’s sales growth is 97.1% for the present quarter and 72.8% for the next.
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