Data News > Top gainers in SPACs - DKNG
DKNG is trading UP for the last 2 days, and it at trading at $35.72 with volume of 8,053,751 and a one day change of $1.44 (4.19%). DraftKings Inc has a 52-week low of 25.74 and a 52-week high of $49.57. The business's 50-day moving average price is $34.58 and its 200 day moving average price is $39.77. The firm has a market cap of $17 million, a P/E ratio of 0.00, and a beta of 1.80.
Joel Hawthorne joins Ben Lichtenstein and Nicole Petallides for today's Big 3. Together, they look into the technical trends for DraftKings (DKNG), Walt Disney (DIS), and FedEx (FDX). DraftKings' FY2024 guidance has been lowered, impacting its stock performance and investor's confidence, despite maintaining a leading market share and robust growth in the US gaming market. Recent acquisitions, including Jackpocket, Inc., are not immediately bottom-line accretive, contributing to a deteriorating balance sheet and mixed sentiments about DKNG's near-term prospects. The management's inaugural $1B share repurchase authorization reflects their confidence in the long-term outlook, despite the negative cash flows from operating activities over the last twelve months. LOS ANGELES, CA / ACCESSWIRE / September 5, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ:DKNG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DraftKings is one of our favorite stocks on the market. The company's growth, margins, and expansion opportunities are all extremely robust. Despite this, the company is trading at only 3.9x sales, which is a discount to historical multiples as well as other companies with similar financial profiles. There are risks around consumer spending and the broader macro situation, but we see an upside of ~100% to Fair Value, which should outweigh those concerns. FanDuel vs. DraftKings: The battle of the sports betting giants continues as FanDuel-parent Flutter Entertainment likes its odds.
For more information on DKNG:
Historical Price Targets Hiistorical Analyst Recommendations Earning Price Impact Analysis Seasonality Analysis
Top gainers in SPACs - DKNG
By KlickAnalytics Data Insights | September 5, 2024 04:40PM ET
Following are the Top 5 companies based on their one-day percentage change within the 'SPACs' theme.
DraftKings Inc (DKNG)
DKNG is trading UP for the last 2 days, and it at trading at $35.72 with volume of 8,053,751 and a one day change of $1.44 (4.19%). DraftKings Inc has a 52-week low of 25.74 and a 52-week high of $49.57. The business's 50-day moving average price is $34.58 and its 200 day moving average price is $39.77. The firm has a market cap of $17 million, a P/E ratio of 0.00, and a beta of 1.80.
Top news headlines for DKNG
For more information on DKNG:
This article was generated by KlickAnalytics data insight content engine.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.